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Tax Advantages of I Bonds |
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Earnings are exempt from both state and local income taxes.
Federal taxes can be deferred until redemption, final maturity (30 years
after issue date), or other taxable disposition, whichever occurs first. (Tax
deferral applies to both components of the earnings rate--fixed rate earnings
and semiannual inflation rate earnings.)
Special tax benefits are available to qualified owners of I Bonds
under the Education Savings Bond Program;
however, continued tax deferral through an exchange for Series HH bonds
isn't available.
See also:
I Bond Tax Reporting
Tax Consequences of Reissuing I Bonds
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Updated December 28, 2025
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