Make saving easier! You can buy U.S. Series I Savings Bond with all or part of your federal income tax refund. You receive paper bonds, in your name (and your spouse's if you file a joint return) or the name you choose as primary owner, co-owner or beneficiary.
You can purchase series I bonds in multiples of $50.00 up to $5,000 each year. Use Form 8888, Allocation of Refund, Including Savings Bond Purchases to buy the savings bonds and name someone else as the owner if you want to. You also use the form to choose what to do with any remaining refund. You have several choices for receiving the remainder of your refund:
IRS processes your request to purchase bonds in two parts:
Find out more about the Savings Bond program at irs.gov.