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Bonds 110: US Savings Bonds

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1.
The tax advantages of Series EE and Series I bonds include all of the following except _______.
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No federal tax on earnings. Unless the bonds are owned by your child or special exclusions for educational expenses apply, you must pay federal taxes on the earnings of your Series EE and Series I bonds. You do not need to pay state or local taxes, however.
2.
If you lose a savings bond, which of the following documents is the least likely to help you replace it?
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Your library card. If you lose your savings bond, the government will often replace it if you can provide the serial number, issuance date, address, and Social Security number of the owner.
3.
You can replace a lost savings bond by sending the appropriate form to _______.
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The US Bureau of Public Debt. If you lose a savings bond, you can request Form PDF 1048 from a participating bank, credit union, or Federal Reserve bank, complete it, and return it to the Division of Transactions and Rulings of the US Bureau of Public Debt.
4.
Jan owns $3,300 worth of series EE bonds that will mature soon. She can _______.
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Redeem her bonds, but she can no longer exchange them for Series HH bonds. Series HH bonds have not been available for sale or exchange since 2004.
5.
The Series I savings bond combines a fixed interest rate with _______.
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An adjustable rate based on inflation. The purpose of this is to provide a return that keeps pace with inflation.
6.
You can purchase a maximum of $10,000 in series EE bonds in a single calendar year.
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True. You may buy up to a face value maximum of $10,000 in series EE bonds annually.