How to buy $10,000 in I Bonds in 2012

[Mulligan]

As you know treasury is limiting I bond purchases to 5k next year with no paper bonds issued at banks. If you are interested in buying $5k more, you have to do it through your tax filing to get them ( issued in paper). Here is a link to show you how to buy the maximum amount, even if you owe the fed, or your refund is not enough to buy the amount you want to purchase.

http://thefinancebuff.com/backdoor-to-paper-savings-bonds.html

 

[justplainbll]

Thanks for the info. Unfortunately it only appears to be good for $5K even for joint filers and perhaps the co-owner titling will be in the 'AND' rather than the 'OR' form?
Part II
You may request up to three different
savings bond registrations. However,
each registration must be a multiple of
$50, and the total of lines 4, 5a, and 6a
cannot be more than $5,000 (or your
refund amount, whichever is smaller).

 

[Lakewood90712]

Thanks for the heads up on the reduction to 5K. I think I will send in additional estimated taxes to get enough for a 5k tax refund.

P.S. , A while back , I was thinking of cashing in my I bonds early with the bogus "no inflation cpi numbers" I am glad I stayed with them now,