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This form authorizes the purchase of Series EE U.S. Savings Bonds through payroll deduction. Employees can choose to pay in one installment or over several pay periods, and the bonds are backed by
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How to fill out Series EE U.S. Savings Bonds Authorization for Purchase/Payroll Deduction

01
Obtain the Series EE U.S. Savings Bonds Authorization for Purchase/Payroll Deduction form from your employer or financial institution.
02
Fill out your personal information, including your name, Social Security number, and address.
03
Indicate the amount you want to contribute for each pay period.
04
Choose the type of bond you want to purchase: either electronic or paper bonds.
05
Determine the frequency of your contributions (e.g., bi-weekly, monthly).
06
Provide your employer's information and any necessary signatures.
07
Submit the completed form to your employer or the designated office.

Who needs Series EE U.S. Savings Bonds Authorization for Purchase/Payroll Deduction?

01
Employees looking to purchase Series EE U.S. Savings Bonds through payroll deduction.
02
Individuals interested in saving for future financial goals.
03
Anyone who wants to enjoy the benefits of U.S. government-backed savings bonds.
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People Also Ask about

A savings bond plan is a workplace program that allows employees to purchase U.S. savings bonds (Series EE & Series I) via payroll deductions. Series EE bonds are guaranteed to at least double in value if kept for 20 years.
Series EE bond interest isn't taxed as it accrues unless the owner elects to have it taxed annually. If the election is made, all previously accrued but untaxed interest is reported in the election year. In most cases, the election isn't made so that the benefit of tax deferral can be enjoyed.
You can get your cash for an EE or I savings bond any time after you have owned it for 1 year.
The Education Tax Exclusion The IRS lets you avoid paying taxes on interest earned by Series EE and Series I savings bonds when you redeem them if you use the money toward qualified higher education costs for yourself, your spouse, or any of your dependents.
If you cashed series EE or I U.S. savings bonds this year that were issued after 1989, you may be able to exclude from your income part or all of the interest on those bonds. Use Form 8815 to figure the amount of any interest you may exclude.
How Can I Ease the Tax Burden From Savings Account Interest? Invest in a tax-deferred account such as a traditional individual retirement account or a 401(k). Stash money in a tax-exempt account such as a Roth 401(k) or a Roth IRA.
Series EE bonds don't pay interest currently. Instead, the accrued interest is reflected in the redemption value of the bond. The U.S. Treasury issues tables showing the redemption values. The interest on EE bonds isn't taxed as it accrues unless the owner elects to have it taxed annually.

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The Series EE U.S. Savings Bonds Authorization for Purchase/Payroll Deduction is a form that allows employees to allocate a portion of their paycheck towards the purchase of Series EE U.S. Savings Bonds.
Employees who wish to use payroll deductions to purchase Series EE U.S. Savings Bonds must fill out and submit the authorization form to their employer.
To fill out the authorization form, employees need to provide personal information, including their name, Social Security number, the amount to be deducted from each paycheck, and any relevant banking information for the bond purchase.
The purpose of this authorization is to make it easier for employees to save for their future by automatically buying U.S. Savings Bonds through payroll deductions.
The form requires information such as the employee's name, Social Security number, the dollar amount to be deducted from each paycheck, and the frequency of deductions.
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