EE bonds

[atwilliams87]

We have EE bonds that have matured this year, how will this impact the taxes that I have to pay for them?

Audrey W.

[Bsch4477]

When EE savings bonds mature, all the accumulated interest becomes federally taxable in the year of maturity, even if you don't redeem them

. You will receive a Form 1099-INTfrom the Treasury to report the interest, and this income is subject to federal income tax but exempt from state and local taxes.