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Consider this new way to use your tax refund

Filed Under: Your Finances on February 05, 2010

If you’re receiving a tax refund this year, you can use
it to buy U.S. savings bonds from the IRS. Here are the
details.

* You may purchase up to $5,000 in U.S. Series I
  savings bonds.

* The total amount of bonds you purchase must be a
  multiple of $50. Any refund over the specified bond
  purchase amount must be deposited into another
  financial account, such as a checking or savings
  account.

* Bonds will be issued in your name. If you’re married
  and file a joint return, the bonds will be issued in
  the names of both spouses.

* The bonds will be sent to you by mail.

* You select this option when filing your 2009 return
  by using Form 8888, “Direct Deposit of Refund to More
  Than One Account.”

* Form 8888 gives instructions on selecting this option
  and specifying the amount of refund you want to use
  to buy savings bonds.

For additional information about Series I savings bonds,
go to www.treasurydirect.gov.

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