topic Purchasing I bonds with Refund in Get your taxes done using TurboTax

Purchasing I bonds with Refund

Websearcher — Mon, 23 Feb 2026 14:23:25 GMT

I've gone through the whole turbotax process to "Ready to e-file". But am now thinking of purchasing I bonds with some of the refund. How do I go back to actually purchase I bonds? Going back to just reducing the amount to be applied to next year's estimated tax doesn't give me the screen on what to do with the balance. It just assumes I want a refund. Also is it really true that you can't each purchase $5000 I bonds if filing jointly? You're only limited to 1 purchase? Thanks.

Re: Purchasing I bonds with Refund

rjs — Tue, 21 Mar 2023 23:58:53 GMT

On the screen that asks how you want to receive your refund, after you select Direct Deposit or "Mail me a check," scroll down to the very bottom of the screen and check the box that says you want to purchase I bonds. Then continue through the screens and you will get to the screen for purchasing I bonds. The exact sequence of screens depends on which refund method you chose.

And yes, the $5,000 limit is per tax return, not per person.