this post was submitted on 11 Nov 2024
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FIRE (Financial Independence Retire Early)
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Happened to notice today on the treasury direct site that they are discontinuing the ability to get savings bonds as part of your tax return. I’d actually been leveraging this to eke out an extra 5k a year. Sad times.
That's too bad, but the tax prep software I used (FreeTaxUSA) didn't support i-bonds when I was interested, so I never took advantage. Now I just buy t-bills, and I'm happy enough with that, especially because the TD website sucks.
But I know a lot of people find a lot of value in i-bonds, so it's sad that it's no longer an option. I wish they'd increase the amount you can buy instead.