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Form 8818 Rev December Optional Form to Record Redemption of Series EE and I U S Savings Bonds Issued After 1989
Quick guide on how to complete form 8818 rev december optional form to record redemption of series ee and i u s savings bonds issued after 1989
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Video instructions and help with filling out and completing Form 8818 Rev December Optional Form To Record Redemption Of Series EE And I U S Savings Bonds Issued After 1989
Instructions and help about Form 8818 Rev December Optional Form To Record Redemption Of Series EE And I U S Savings Bonds Issued After 1989
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People also ask
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Are series EE savings bonds worth anything?
Series EE savings bonds are a low-risk way to save money. They earn interest regularly for 30 years (or until you cash them if you do that before 30 years). For EE bonds you buy now, we guarantee that the bond will double in value in 20 years, even if we have to add money at 20 years to make that happen.
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How much is a $1000 savings bond worth after 30 years?
How much is my savings bond worth after 30 years? DenominationIssue dateValue $100 October 1994 $164.12 $1,000 October 1994 $1,641.20 $10,000 October 1994 $16,412.00 Nov 21, 2024
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Do EE bonds stop earning interest after 30 years?
They earn interest regularly for 30 years (or until you cash them if you do that before 30 years). For EE bonds you buy now, we guarantee that the bond will double in value in 20 years, even if we have to add money at 20 years to make that happen.
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Do I qualify to exclude series EE or I bond interest?
To qualify for the exclusion, the bonds must be series EE or I U.S. savings bonds issued after 1989 in your name, or, if you are married, they may be issued in your name and your spouse's name. Also, you must have been age 24 or older before the bonds were issued.
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How long does it take for a $100 EE savings bond to mature?
Series EE bonds mature in 20 years but earn interest for up to 30 years. The U.S. Treasury guarantees Series EE bonds will double in value in 20 years. You don't receive the interest on your Series EE bond until you cash it.
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What is the optional form to record redemption of Series EE and I US savings bonds issued after 1989?
Purpose of Form Use Form 8818 to keep a record of the post-1989 series EE and I bonds you cash. You will need the information on this form to complete Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989.
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Do series EE bonds expire after 30 years?
Maturity dates for Series EE bonds Although they technically mature after 20 years, these bonds actually don't expire for 30 years. You'll keep earning interest for an extra decade. As long as you cash in your bond at the maturity date, you can guarantee your investment will double.
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Is there a penalty for not cashing EE bonds after 30 years?
Once a Series EE bond signNowes its final maturity, it stops earning interest, but there are no penalties associated with holding onto it beyond that point. After the 30-year period, the bond has signNowed its maximum value and it won't continue to accrue interest.
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