✉news BusinessPersonal Finance first seen 15 h ago, last 49 min ago, peak #16

1996 Savings Bonds Stop Earning Interest This Year, With a Tax Catch

Original: The Savings Bonds She Bought in 1996 Stop Earning This Year. If She Deferred the Tax, 30 Years of Interest Hit One Return Whether She Cashes Them or Not, and Medicare Will Read It

US savings bonds purchased in 1996 reach final maturity in 2026 and stop accruing interest. For savers who deferred federal tax on the interest, the full 30 years of accumulated interest is reported as income in a single tax year, even if the bond is not cashed. That lump of income can also raise reported income for Medicare premium calculations, catching many retirees off guard.

Why now: A large wave of 1990s-era bonds is hitting final maturity now, forcing holders to confront a sudden one-year tax bill and possible Medicare surcharges.

US savings bondsMedicareInternal Revenue Service

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• The Savings Bonds She Bought in 1996 Stop Earning This Year. If She Deferred the Tax, 30 Years of Interest Hit One Return Whether She Cashes Them or Not, and Medicare Will Read It · 24/7 Wall St.

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