Taxes on US Savings Bonds (I Bonds and EE Bonds), In-Depth

Save taxes on United States Savings Bonds. Although there are no state or local taxes on US savings bonds, there may be federal taxes, but they may be reduced or eliminated by using 2 methods. How to exempt interest from taxes when using bond proceeds to pay for higher educational expenses or contributing to a Coverdell Education Savings Account or a 529 plan, sometimes called a Qualified Tuition Program. This video also shows how the taxes are calculated, and when you should report the interest income annually or defer taxes until the bond is redeemed or matures.
0:00 Taxation of US Savings Bonds
0:22 Tax Liability and Reporting
1:44 Tax Savings for Children
2:59 How to Choose Annual Reporting of Interest Income
3:39 Changing from Annual Reporting to Deferred Reporting
4:03 Form 1099-INT
4:27 Schedule B, Interest and Ordinary Dividends
4:50 Education Savings Bonds Program
7:33 Form 8815, Exclusion of Interest from Series EE and I US Savings Bonds Issued After 1989
8:15 Form 8818, Optional Form to Record Redemption of Series EE and I US Savings Bonds Issued After 1989
8:29 How to Exclude Interest from Income on Schedule B
8:40 Can You Hold Bonds in an IRA or Other Retirement Account?
9:32 Can a Self-Directed IRA Hold Savings Bonds?
10:16 Wrap-Up

Links
TreasuryDirect
https://www.treasurydirect.gov/
About Publication 550, Investment Income and Expenses
https://www.irs.gov/forms-pubs/about-...
Research and Compare 529 Plans - Shop, Compare and Enroll in Section 529 Plans - Includes eligibility requirements, maximum contributions, performance information, and contact information.
https://www.savingforcollege.com/coll...
Prepaid College Savings | 529 Private College Prepaid Plan | PC529 - Provides a list of colleges that provide prepaid plans.
https://www.privatecollege529.com/OFI...
United States Savings Bonds
https://thismatter.com/money/bonds/ty...
Education Savings Bonds Program
https://thismatter.com/money/tax/educ...
Coverdell Educational Savings Accounts
https://thismatter.com/money/tax/cove...
Qualified Tuition Programs (529 Plans)
https://thismatter.com/money/tax/qual...
Kiddie Tax
https://thismatter.com/money/tax/kidd...
I Bonds in Depth: Earn up to 11.5% Interest, Guaranteed and without Risk, Maybe Even Tax-Free!
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Set Up a High-Yielding Emergency Fund Using I Bonds
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Taxes on US Savings Bonds (I Bonds and EE Bonds), In-Depth
Taxes on US Savings Bonds (I Bonds an...