What is the us savings bond ee series nominal maturity date?

Answer 1

"Series EE Bonds earn market-based rates that change every 6 months. There is no way to predict when a Series EE bond will reach its face value. For example, a Series EE Bond earning an average of 5% would reach face value in 14 1/2 years while a bond earning an average of 6% would reach face value in 12 years.

Series EE Bonds issued after 1 February 2003 must be held for at least 12 months before they can be cashed (bonds issued before then could be cashed anytime after 6 months).

Series EE Bonds absolutely should be cashed before their final maturity dates for the following reasons. Firstly, if you fail to cash the Series EE bond before the critical date, you will be losing money because the bond will no longer be earning interest. Secondly, under IRS regulations, tax is due on the interest in the year the bond is cashed or it reaches final maturity. If you hold the bond beyond 12/31 of the final-maturity year, then when you finally get around to cashing it, you will not only owe the tax on the earnings, but interest and penalties besides."

"Before describing the specific conditions that apply to Series EE bonds issued on various dates, it's important to understand the terminology that is used in these explanations. The following list should help. Warning: this gets complicated quickly, thanks to your friends at the US Treasury.


Issue date: The first day of the month of purchase. Shown on the face of the bond. Note that the bond face may also show the date on which the Treasury processed an application and printed the bond, but that's not the issue date.
Nominal original maturity (date): The latest date at which a Series EE Bond reaches its face value. Because the rate varies over the life of the bond, this is just an estimate. The applicable rates need only exceed the guaranteed rate (see below) by a small amount for the actual original maturity date to occur earlier than the nominal maturity date.
Final maturity (date): the date following which the bond no longer earns any interest (see discussion above about cashing bonds before this date). "

Answer 2

If the bonds are on your mothers call the tax criminal duty is hers no longer yours. interest on mark downs bonds is compounded year to year on a quarterly foundation. the owner of the bond pays the tax while that's redeemed. that's subject to tax on the fee which you pay your known taxes.There are no capital constructive factors taxes. in case you're reason on cashing them in that's quite helpful to unfold the redeemption over a number of years. this could decrease you adjusted internet earnings.

Answer 3

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