Yes, Critter-3 is correct, the limit is $5000 per tax return.
Here is the instruction for this line:
"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 can’t be more than $5,000 (or your refund amount, whichever is smaller)." - Form 8888 instructions
There are no exceptions for married filing jointly returns.
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