|DATE:||December 20, 2007|
|SUBJECT:||Annual Purchase Limit for Savings Bonds|
|EFFECTIVE DATE:||January 1, 2008|
|CONTACT:||Janice Wolfley||(785) email@example.com|
|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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