How are I bonds taxed?

In The News | E. Martin Davidoff | May 05, 2023

Are you looking for a smart financial move that could provide secure moderate returns and offers tax benefits? Look no further than I Bonds, exempt from state and local taxes, and while subject to federal taxes on the interest earned, you can choose to defer or pay annually. Using I Bonds for higher education could help you avoid federal taxes. To learn more about how I Bonds are taxed, read USA Today’s recent article featuring tax expert E. Martin Davidoff. Click here