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Issue Number: IRS Tax Tip 2011-22
Use Your Federal Tax Refund to Buy Savings Bonds
You can buy Series I U.S. Savings Bonds with a portion or all of your federal tax refund for yourself or anyone. Series I bonds are low-risk bonds that grow in value for up to 30 years. While you own them they earn interest and protect you from inflation.
Here are six things the IRS wants you to know about using your federal refund to purchase savings bonds.
For more information about the U.S. Savings Bonds refund option visit the IRS website at http://www.irs.gov.
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