would like to apply refund to i-series bonds and buy online bond, not paper bond

[cdbmkenirsk11]

I have pre-existing I-Series bonds online at TreasuryDirect dot gov.

I would like to deposit my refund to my online account at TreasuryDirect, where it can be used to purchase another online I-Series bond, so I don't have to keep a piece of paper at home.

Is this currently possible? I know TurboTax can apply my refund to an I-Series bond that is mailed to me (i.e. a paper bond).

[MichelleLO]

Please see the below TurboTax Help Article for the available options for your federal tax refund. 

What are the different options for getting my federal (IRS) tax refund?

For more information about buying savings bonds with your refund, please see: How do I buy savings bonds with my tax refund?

[cdbmkenirsk11]

So that’s a “no” ?

.

please add as an enhancement request— the IRS does support this option—it’s just that TurboTax can’t do it. 

[ChondelLO]

@cdbmkenirsk11 Thank you for your feedback. Constructive feedback, like what you've provided, helps us to build a stronger product and stronger community. We appreciate your input.

[JohnFT]

I am not clear on the answer. Is it possible to buy an I bond with my refund in electronic form at my existing treasury direct account?

[SForrestLO]

Please see this Turbo Tax help article on how you can receive your refund. 

https://ttlc.intuit.com/community/refunds/help/what-are-the-different-options-for-getting-my-federal...

[JohnFT]

Very unhelpful. You just repeated the reference to the same article that does not answer the question. Perhaps a human should read and respond to these posts.

[SweetieJean]

The IRS only issues paper bonds for income tax refunds, but you can then convert them to your Treasury Direct account.

Using Your Income Tax Refund to Save by Buying U.S. Savings Bonds | Internal Revenue Service (irs.go...

[cdbmkenirsk11]

Thanks. It appears to be working.

Here is a TreasuryDirect link that explains how to do the conversion:

https://www.treasurydirect.gov/indiv/research/indepth/smartexchangeinfo.htm