IRS Form 8888 — U.S. Treasury Savings Bonds

Turn Your Refund Into Savings

Use part of your federal tax refund to purchase U.S. Savings Bonds directly from the Treasury. Build your savings automatically — no bank account required.

Series I Bonds (Inflation-Protected)
Series EE Bonds (Fixed Rate)
Up to $5,000 per return
Multiples of $50 only
Tax-deferred growth
No state/local tax

Series I Bonds

Most Popular
Rate
Variable (Fixed + CPI-U)
Term
Up to 30 years
Minimum
$50
Maximum
$5,000/return
Hold Period
12 months minimum
  • Rate adjusts every 6 months with inflation
  • Protects purchasing power over time
  • Interest compounds semiannually
  • Penalty-free after 5 years
  • Exempt from state and local income tax

Series EE Bonds

Guaranteed Double
Rate
Fixed (set at issuance)
Term
Up to 30 years
Minimum
$50
Maximum
$5,000/return
Hold Period
12 months minimum
  • Guaranteed to double in value in 20 years
  • Fixed rate for the life of the bond
  • Interest compounds semiannually
  • Penalty-free after 5 years
  • Exempt from state and local income tax

Savings Bond Program Tiers

Starter Saver

Free
enrollment fee
Min: $50
Max: $1000
series i bonds

Standard Bonds

Free
enrollment fee
Min: $25
Max: $2500
series ee bonds

Growth Plan

Free
enrollment fee
Min: $50
Max: $5000
both bonds

Max Bonds

Free
enrollment fee
Min: $50
Max: $5000
both bonds
IRS Compliance Notice

U.S. Savings Bond elections are governed by IRS Form 8888 and Treasury Department regulations. Bond amounts must be multiples of $50 and cannot exceed $5,000 per return or the total refund amount. Bonds are subject to a 12-month minimum holding period. Early redemption within 5 years forfeits the last 3 months of interest. Ross Tax Pro ProWeb is not affiliated with the U.S. Treasury Department.

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