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- Posts: 63
- Joined: Mon Apr 10, 2023 5:27 pm
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
Post
by cranberrycrash »
How lengthy did it take so that you can get your iBonds this yr?
I’ve known as Treasure Direct twice. After a little bit of a runaround, they are saying “somebody will contact you”. Up to now nothing after a pair weeks.
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
cranberrycrash wrote: ↑Thu Sep 05, 2024 11:26 pm
I by no means acquired my $5K in paper iBonds after submitting my tax return in April this yr. I acquired the remainder of my tax refund rapidly – deposited in my Constancy account in April. However much less the $5k.How lengthy did it take so that you can get your iBonds this yr?
I’ve known as Treasure Direct twice. After a little bit of a runaround, they are saying “somebody will contact you”. Up to now nothing after a pair weeks.
I’ve at all times acquired mine inside 4-6 weeks after submitting. Generally even sooner. This yr was no exception.
To be clear, did you confirm that your refund was precisely what you anticipated it to be? I had a good friend who made an error when filling out the shape to obtain $5K I-bonds and the error resulted in his remaining refund deposited to his checking account being $5K bigger than anticipated. And with no notification that he had made an error.
Cheers.
“Repeating a factor does not enhance it.” Quote from Inman, as performed by Jude Regulation, within the film “Chilly Mountain”
- Posts: 63
- Joined: Mon Apr 10, 2023 5:27 pm
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
Post
by cranberrycrash »
dcabler wrote: ↑Fri Sep 06, 2024 6:40 amcranberrycrash wrote: ↑Thu Sep 05, 2024 11:26 pm
I by no means acquired my $5K in paper iBonds after submitting my tax return in April this yr. I acquired the remainder of my tax refund rapidly – deposited in my Constancy account in April. However much less the $5k.How lengthy did it take so that you can get your iBonds this yr?
I’ve known as Treasure Direct twice. After a little bit of a runaround, they are saying “somebody will contact you”. Up to now nothing after a pair weeks.
I’ve at all times acquired mine inside 4-6 weeks after submitting. Generally even sooner. This yr was no exception.
To be clear, did you confirm that your refund was precisely what you anticipated it to be? I had a good friend who made an error when filling out the shape to obtain $5K I-bonds and the error resulted in his remaining refund deposited to his checking account being $5K bigger than anticipated. And with no notification that he had made an error.Cheers.
Yeah, as I discussed the refund deposited to my Constancy account was right, and lacking the 5K I had informed TurboTax to make use of to buy iBonds. I at all times use TurboTax to do my taxes, and for the previous a number of years plan my taxes to make use of the refund for iBonds. That is the primary yr they have not confirmed up.
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
cranberrycrash wrote: ↑Fri Sep 06, 2024 11:00 amdcabler wrote: ↑Fri Sep 06, 2024 6:40 amcranberrycrash wrote: ↑Thu Sep 05, 2024 11:26 pm
I by no means acquired my $5K in paper iBonds after submitting my tax return in April this yr. I acquired the remainder of my tax refund rapidly – deposited in my Constancy account in April. However much less the $5k.How lengthy did it take so that you can get your iBonds this yr?
I’ve known as Treasure Direct twice. After a little bit of a runaround, they are saying “somebody will contact you”. Up to now nothing after a pair weeks.
I’ve at all times acquired mine inside 4-6 weeks after submitting. Generally even sooner. This yr was no exception.
To be clear, did you confirm that your refund was precisely what you anticipated it to be? I had a good friend who made an error when filling out the shape to obtain $5K I-bonds and the error resulted in his remaining refund deposited to his checking account being $5K bigger than anticipated. And with no notification that he had made an error.Cheers.
Yeah, as I discussed the refund deposited to my Constancy account was right, and lacking the 5K I had informed TurboTax to make use of to buy iBonds. I at all times use TurboTax to do my taxes, and for the previous a number of years plan my taxes to make use of the refund for iBonds. That is the primary yr they have not confirmed up.
That is unlucky – I’m wondering if contacting the IRS would assist right here to at the least see in case your information was transferred over to TreasuryDirect.
“Repeating a factor does not enhance it.” Quote from Inman, as performed by Jude Regulation, within the film “Chilly Mountain”
- Posts: 1730
- Joined: Thu Could 28, 2015 6:25 pm
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
Post
by need403bhelp »
need403bhelp wrote: ↑Mon Sep 02, 2024 2:24 pm
Fascinated about present field technique for October.We now have $140k in I bonds that’s meant as a second or third line emergency fund. Solely $20k of these are at 1.3% mounted price.
Positive factors on the $120k are about $24k. We’re in 24% tax bracket with 3.8% NIIT.
Pondering of shopping for $10k in our annual allotment every in October and $30k every in present bins.
Query is how most of the different I bonds to money out. One choice is all, though the tax hit can be $6,672 or so.
About $45,000 of the I bonds can be post-5 years, relaxation would even have a 3 month penalty.
Ideas?
Simply needed to ask another factor.
One of many issues I actually appreciated about I bonds is tax deferral for 30 years, however with the current ups and downs in charges I really feel a bit just like the I bonds are not a “set it and neglect it” emergency fund. That is type of annoying and disappointing.
One choice since we now have >$250k of taxable property is just utilizing our bonds in retirement accounts as an emergency fund, and promoting from taxable inventory whereas rebalancing in retirement funds to take care of asset allocation if additional funds are wanted.
Possibly I bond thread is just not greatest place to ask this, however are I bonds for long run emergency fund nonetheless a great way to go as an alternative of doing one thing like above?
- Posts: 63
- Joined: Mon Apr 10, 2023 5:27 pm
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
Post
by cranberrycrash »
dcabler wrote: ↑Fri Sep 06, 2024 11:24 amcranberrycrash wrote: ↑Fri Sep 06, 2024 11:00 amdcabler wrote: ↑Fri Sep 06, 2024 6:40 amcranberrycrash wrote: ↑Thu Sep 05, 2024 11:26 pm
I by no means acquired my $5K in paper iBonds after submitting my tax return in April this yr. I acquired the remainder of my tax refund rapidly – deposited in my Constancy account in April. However much less the $5k.How lengthy did it take so that you can get your iBonds this yr?
I’ve known as Treasure Direct twice. After a little bit of a runaround, they are saying “somebody will contact you”. Up to now nothing after a pair weeks.
I’ve at all times acquired mine inside 4-6 weeks after submitting. Generally even sooner. This yr was no exception.
To be clear, did you confirm that your refund was precisely what you anticipated it to be? I had a good friend who made an error when filling out the shape to obtain $5K I-bonds and the error resulted in his remaining refund deposited to his checking account being $5K bigger than anticipated. And with no notification that he had made an error.Cheers.
Yeah, as I discussed the refund deposited to my Constancy account was right, and lacking the 5K I had informed TurboTax to make use of to buy iBonds. I at all times use TurboTax to do my taxes, and for the previous a number of years plan my taxes to make use of the refund for iBonds. That is the primary yr they have not confirmed up.
That is unlucky – I’m wondering if contacting the IRS would assist right here to at the least see in case your information was transferred over to TreasuryDirect.
Yeah, every thing seems okay from the IRS finish. Treasury Direct is simply unhelpful. Referred to as once more and now they are saying they don’t have any data of an open request, so let’s begin over. “Somebody will contact you….”
Possibly it is a good factor this program is ending.
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
cranberrycrash wrote: ↑Fri Sep 06, 2024 1:55 pmdcabler wrote: ↑Fri Sep 06, 2024 11:24 amcranberrycrash wrote: ↑Fri Sep 06, 2024 11:00 amdcabler wrote: ↑Fri Sep 06, 2024 6:40 amcranberrycrash wrote: ↑Thu Sep 05, 2024 11:26 pm
I by no means acquired my $5K in paper iBonds after submitting my tax return in April this yr. I acquired the remainder of my tax refund rapidly – deposited in my Constancy account in April. However much less the $5k.How lengthy did it take so that you can get your iBonds this yr?
I’ve known as Treasure Direct twice. After a little bit of a runaround, they are saying “somebody will contact you”. Up to now nothing after a pair weeks.
I’ve at all times acquired mine inside 4-6 weeks after submitting. Generally even sooner. This yr was no exception.
To be clear, did you confirm that your refund was precisely what you anticipated it to be? I had a good friend who made an error when filling out the shape to obtain $5K I-bonds and the error resulted in his remaining refund deposited to his checking account being $5K bigger than anticipated. And with no notification that he had made an error.Cheers.
Yeah, as I discussed the refund deposited to my Constancy account was right, and lacking the 5K I had informed TurboTax to make use of to buy iBonds. I at all times use TurboTax to do my taxes, and for the previous a number of years plan my taxes to make use of the refund for iBonds. That is the primary yr they have not confirmed up.
That is unlucky – I’m wondering if contacting the IRS would assist right here to at the least see in case your information was transferred over to TreasuryDirect.
Yeah, every thing seems okay from the IRS finish. Treasury Direct is simply unhelpful. Referred to as once more and now they are saying they don’t have any data of an open request, so let’s begin over. “Somebody will contact you….”
Possibly it is a good factor this program is ending.
Have I been asleep? Ending? Are you able to hyperlink a supply to this?
Edit: I’ve been asleep. I simply observed the notification on TD. https://www.treasurydirect.gov/research … suryDirect.
Cheers.
“Repeating a factor does not enhance it.” Quote from Inman, as performed by Jude Regulation, within the film “Chilly Mountain”
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
need403bhelp wrote: ↑Fri Sep 06, 2024 11:43 amneed403bhelp wrote: ↑Mon Sep 02, 2024 2:24 pm
Fascinated about present field technique for October.We now have $140k in I bonds that’s meant as a second or third line emergency fund. Solely $20k of these are at 1.3% mounted price.
Positive factors on the $120k are about $24k. We’re in 24% tax bracket with 3.8% NIIT.
Pondering of shopping for $10k in our annual allotment every in October and $30k every in present bins.
Query is how most of the different I bonds to money out. One choice is all, though the tax hit can be $6,672 or so.
About $45,000 of the I bonds can be post-5 years, relaxation would even have a 3 month penalty.
Ideas?
Simply needed to ask another factor.
One of many issues I actually appreciated about I bonds is tax deferral for 30 years, however with the current ups and downs in charges I really feel a bit just like the I bonds are not a “set it and neglect it” emergency fund. That is type of annoying and disappointing.
One choice since we now have >$250k of taxable property is just utilizing our bonds in retirement accounts as an emergency fund, and promoting from taxable inventory whereas rebalancing in retirement funds to take care of asset allocation if additional funds are wanted.
Possibly I bond thread is just not greatest place to ask this, however are I bonds for long run emergency fund nonetheless a great way to go as an alternative of doing one thing like above?
I’m nonetheless utilizing I-bonds as my 2nd tier EF and I’ve no intention of adjusting primarily based on brief time period rate of interest fluctuations.
Financial savings bonds don’t go down in worth. The opposite choice you talked about would give me a motive to fret: how a lot do I’ve for emergencies at the moment?
Additionally I-bonds supply tax deferred good points and are state tax free..
Numerous people appear to do the opposite technique you talked about, although. It looks like both can work relying on specifics.
- Posts: 1730
- Joined: Thu Could 28, 2015 6:25 pm
Re: I Bonds Mega Thread (I Bond Heads Rejoice!)
Post
by need403bhelp »
Nohbdy wrote: ↑Fri Sep 06, 2024 2:54 pmneed403bhelp wrote: ↑Fri Sep 06, 2024 11:43 amneed403bhelp wrote: ↑Mon Sep 02, 2024 2:24 pm
Fascinated about present field technique for October.We now have $140k in I bonds that’s meant as a second or third line emergency fund. Solely $20k of these are at 1.3% mounted price.
Positive factors on the $120k are about $24k. We’re in 24% tax bracket with 3.8% NIIT.
Pondering of shopping for $10k in our annual allotment every in October and $30k every in present bins.
Query is how most of the different I bonds to money out. One choice is all, though the tax hit can be $6,672 or so.
About $45,000 of the I bonds can be post-5 years, relaxation would even have a 3 month penalty.
Ideas?
Simply needed to ask another factor.
One of many issues I actually appreciated about I bonds is tax deferral for 30 years, however with the current ups and downs in charges I really feel a bit just like the I bonds are not a “set it and neglect it” emergency fund. That is type of annoying and disappointing.
One choice since we now have >$250k of taxable property is just utilizing our bonds in retirement accounts as an emergency fund, and promoting from taxable inventory whereas rebalancing in retirement funds to take care of asset allocation if additional funds are wanted.
Possibly I bond thread is just not greatest place to ask this, however are I bonds for long run emergency fund nonetheless a great way to go as an alternative of doing one thing like above?
I’m nonetheless utilizing I-bonds as my 2nd tier EF and I’ve no intention of adjusting primarily based on brief time period rate of interest fluctuations.
Financial savings bonds don’t go down in worth. The opposite choice you talked about would give me a motive to fret: how a lot do I’ve for emergencies at the moment?
Additionally I-bonds supply tax deferred good points and are state tax free..
Numerous people appear to do the opposite technique you talked about, although. It looks like both can work relying on specifics.
Thanks for sharing your ideas. No state tax for us.
I don’t actually like promoting and shopping for increased mounted price in present field however on the identical time it’s my financial curiosity to take action if I plan to carry for 30 years (I suppose except charges truly find yourself going even increased and I’m confronted with the identical dilemma time and again).
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- Joined: Wed Jul 24, 2024 7:36 pm
Re: Starting January 1, 2025, you will no longer be able to buy paper Series I savings bonds with your tax refund.
Post
by blortchplop »
LK2012 wrote: ↑Fri Sep 06, 2024 11:50 pmNicely, rats! Thanks for the data, however that could be very disappointing information. I used to be one of many apparently small quantity of people that made use of this selection a number of occasions. I used to be planning to do that in 2025, however apparently that is off the desk now. I actually appreciated the flexibility so as to add that additional $5,000 of I Bonds to our annual stash.
How would you want so as to add $10,000 of further I bond buying capability? https://thefinancebuff.com/buy-more-i-b … trust.html