DATE: | December 20, 2007 | ||
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SUBJECT: | Annual Purchase Limit for Savings Bonds | ||
EFFECTIVE DATE: | January 1, 2008 | ||
CONTACT: | Janice Wolfley | (785) 296-3699 | janice.wolfley@da.ks.gov |
APPROVAL: | |||
SUMMARY: | Purchase Limit for Savings Bonds Set at $5,000 |
The U.S. Department of the Treasury has announced the annual limitation on purchases of United States Savings Bonds will be set at $5,000 per Social Security Number, effective January 1, 2008. The limit applies separately to Series EE and Series I savings bonds, and separately to bonds issued in paper or electronic form. Under the new rules, an individual can buy a maximum of $5,000 worth of electronic and paper bonds of each series in a single calendar year, or a total of $20,000, in single ownership form.
Additional information regarding the change in the purchase limit for savings bonds can be found on the Department of the Treasury web site at: http://www.treasurydirect.gov . Please share this information with your employees who purchase savings bonds through payroll deduction.
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