Americans can no longer put their hard-earned tax refunds into bond that protects from inflation

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Americans can no longer put their hard-earned tax refunds into bond that protects from inflation

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Starting in 2025, Americans will no longer be able to use their tax refunds to purchase paper I Bonds, a popular government-backed investment that protects against inflation. Since 2012, when banks stopped selling paper savings bonds, buyers have been limited to making their purchases electronically, with one exception: buyers could purchase paper series I savings bonds with their IRS tax refund each year. Such bonds are known to be given as gifts, or used cleverly as a way for buyers to purchase as much as $5,000 more in I bonds, beyond the allowed annual limit of $10,000 a person in digital bonds.
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