Series I Savings Bonds

[84B23F]

I used these instructions, but no cigars.  All that shows up after this, "Split my refund between multiple accounts or U.S. savings bonds. Select Continue and follow the instructions," are three bank routing entries. Nothing for savings bonds.

.

IRS's Filing Season 2024: Form 8888 and Series I Savings Bonds indicates this can be done in 2024   

[baldietax · Accepted solution]

seems that notice for "2024 filing season" was issued Nov 2023 for 2023 tax year.  As of Jan 1 2025 they've stopped doing issuing I-bonds for refunds for 2024 tax year.  See this notice from Treasury Direct

https://treasurydirect.gov/research-center/faq-irs-tax-feature/

[84B23F]

Well yeah, but  two weeks ago TurboTax said

How do I buy savings bonds with my tax refund?
by TurboTax
Updated 2 weeks ago

.

I can read what they said...TT don't make mistakes, right:-)

thanks

[Mike9241]

two weeks ago the IRS may not have updated form 8888 for 2024

[84B23F · Accepted solution]

On Form 8888 (Rev. 10-2024), IRS says

What’s New
Purchase of savings bonds discontinued. The program allowing for your refund to be deposited into your TreasuryDirect® account to buy savings bonds, as well as the ability to buy paper bonds with your refund, has been discontinued.

======================

So TurboTax needs to delete their info here.

[baldietax]

yes just out-dated help topic.  I clicked the helpful? "No" button at the bottom and suggest others encountering this do the same.

[84B23F]

Apparently, TurboTax does not follow posts in this forum.

[JotikaT2]

Thank you for alerting us.  We will be updating the link referenced above to avoid any further confusion.

@84B23F 

[84B23F]

Thanks for chiming in...yes, first best answer clicked on.