@ Mike9241 wrote:
do know that you can go online and buy up to $10,000 of I-Bonds for yourself.
That's indeed true for someone who has not yet met the annual $10,000 per-person limit in electronic I-bond purchases. This year, however, there is a large number of people who have already maxed out their annual Treasury Direct electronic purchase and who want the additional $5,000 in paper I-bonds through the Federal refund. Demand is high due to the high interest rate caused by the soaring inflation rate. Every little bit helps soothe at least some small portion of the inflation sting. The demand for the paper I-bonds has been enhanced this filing season by a large number of economic news articles touting them, and some folks made a $5,000 extra tax payment (such as an excessive extension request payment) just to get them.
