Treasury Securities that Have Stopped Earning Interest.
Failure to do so could lead to a penalty.
Ask the Experts page and select one of these topics: Financing a home, Saving Investing or Money.On the other hand, final maturity is very important to the Internal Revenue Service.Bonds from 1993 through mid-1995 pay an interest rate of 4 percent, while the later bonds are indicated at below 1 percent.Are all three at full value as of July 24, 2009?The interest rate earned by your bonds for any six-month interest period depends on the terms of the savings bond when purchased.However, with a bond past its maturity, you should have reported the interest for the tax year when the bond matures.I used it for your bonds and came up with the following information: EE savings bond details, face value: 500, issue date: Jun-83.Please remember that your use of this website is governed.Bankrate recommends that you seek the advice of advisers who are fully aware of your individual circumstances before making any final decisions or implementing any financial strategy.
Interest: 449.60, value: 949.60, rate:.32, yield:.18.
If you failed to report the interest for the year the bond matured, you are liable for any taxes due and possibly a tax penalty.
That should raise your yield on these bonds to about 4 percent over that original maturity.Even if the bonds aren't redeemed, regulations governing savings bonds require the interest income to be reported for Federal tax purposes for the year of final maturity, causing tax problems for unwary bond owners.Use the rate column to see what youre currently earning on the savings bonds.The Series EE bond you own from 1983 will reach its final extended maturity in June 2013.Why not redeem the matured security and put your money back to work for you?If youve been deferring the income tax due on the interest earnings, the earnings are reported as interest income for the tax year the bonds are redeemed.Im not sure what my options are for possibly reinvesting them or even if it is worth.Totals: Price: 1,000 Interest: 1428.40 Value: dating sites for young adults 2,428.40 Alternately, you can just use the savings bond calculator to find out the information without downloading the program.