Hi Karen, thank you for your response.
You are correct in that my grandmother is the owner of the Series EE bonds and I am the beneficiary. To your point, i understand that she will be the one having to pay taxes, if any, based upon her total income for the year. She has very little income (just her IRA RMD which is been around 2k/year) outside of her monthly SSA. If i understand correctly, you are saying that if her income, less SSA, when added to the interest gained from the bonds being redeemed is less than the STD deduction of 14,700 in 2022, then she will not have to pay any taxes. is that correct?
I wanted to thank you again as this is very helpful for me as her caregiver and POA of her finances.
thank you
Mark
