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)