• Saving at Tax Time

    Depending on the credits for which you are eligible, your tax refund may be a large percentage of your income for 2012.  What better time to think about putting some away for your children or grandchildren’s education, a house-buying fund or emergencies?

     Prepaid Debit Cards

    Savings Bonds at Tax Time

    • Savings bonds are available in multiple increments, with a low minimum starting point of $50
    • There is no Chexsystems or credit check required
    • There are no fees or costs associated with purchase of a savings bond
    • Savings bonds are government backed and secure, and therefore appeal to people with low risk tolerance
    • Series I savings bonds are protected against inflation
    • Savings bonds are accessible after one year, and can be used for any purpose
    • Savings bonds can even be purchased as gifts for children or others
    • Savings bonds are exempt from state and local taxes

    Taxpayers who are receiving refunds enter the name of the person for whom they wish to buy savings bond(s) and the dollar amount of the bonds and order U.S. Savings Bonds with part of their refund. It’s that simple. (For more on Series I Savings Bonds, see the Treasury’s Web sitewww.treasurydirect.gov/).

    Go to http://bondsmakeiteasy.org/ for more information