Talk:I savings bonds

Added info about the composite rate never going below zero from this thread: http://www.bogleheads.org/forum/viewtopic.php?t=37463&mrr=1242178234, generic cleanup. Also replaced specific book reference with pointer to Bogleheads' books and authors. More choices for the reader. LadyGeek 02:26, 13 May 2009 (UTC)

I added the derivation of 1.04015 to the equation in Redemption while in a high tax bracket. From a forum question - What's wrong with my calculation? --LadyGeek 23:27, 17 January 2010 (UTC)

Made minor tweeks throughout the section. User:Mel Lindauer 17 January 2010


 * Lady Geek: The 2009 income limits for the savings bond educational expense are already included in the text (italicized):

Tax-free growth for Qualified Education Expenses
If I Bonds are redeemed for qualifying education expenses, the interest is completely tax free, provided certain conditions are met. According to Publication 970 (2009), Tax Benefits for Education, the tax-free redemption requires the following conditions to be met:


 * You pay qualified educational expenses for yourself, your spouse, or a dependent for whom you claim an exemption on your return.
 * Your modified adjusted gross income (MAGI) is less than $84,950 for single taxpayers ($134,900 if married filing jointly or qualifying widow(er)). The amount of your interest exclusion is gradually reduced (phased out) if your modified adjusted gross income is between $69,950  and $84,950 (between $104,900 and $134,900 if your filing  status is married filing jointly or qualifying widow(er)). You cannot exclude any of the interest if your modified adjusted gross income is equal to or more than the upper limit.The phaseout, if any, is figured for you when you fill out Form 8815. The MAGI numbers are adjusted annually.--Blbarnitz 05:32, 19 January 2010 (UTC)

MAGI
Noticed MAGI amounts for excluding interest for education expenses are in two separate sections of a relatively small area, and they are currently different. It is hard enough to keep articles updated with (possibly yearly) changes in amounts, so I don't think it's a good idea to have the same values quoted in two places. IMHO the "Modified MAGI Limits" section should be eliminated, possibly moving the second paragraph about changing income strategy to another section. If there are no objections from the I-Bond experts, I intend to do that. --Vectorizer 13:22, 27 August 2013 (CDT)

I assume you are referring to Conditions and Modified AGI Limits, which are difficult to read. I think your suggestion is OK. If it still doesn't look right, consider putting the limits in a table. The reference currently in the Modified MAGI Limits section, Education Planning, should be retained. (If you don't use it, I think it should go under External links.) --LadyGeek 19:08, 27 August 2013 (CDT)

IRS tax refunds
In the forum post Re: Philly Chapter meeting - 9 Nov 2013, it was pointed out that the IRS will only permit up to $5,000 per tax return, but Treasury Direct states that one may claim up to $5,000 per Social Security Number. The difference is significant, as Married Filing Jointly will not permit the full $5,000 per SSN (it's split in half). I think the wiki should be modified, but I'm not sure on the wording. --LadyGeek 19:00, 9 November 2013 (CST)
 * I updated the page. --LadyGeek 13:14, 10 November 2013 (CST)