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Unfortunately you can only save a pretty small amount, so something like a house downpayment doesn't really work.
by zeroonetwothree 5y ago
Unfortunately you can only save a pretty small amount, so something like a house downpayment doesn't really work.
- spacemark 5y agoCouples filing jointly can buy $20k/yr, not an insignificant amount for normal people. There are ways to get more, like gifts, trusts, tax returns.
- everybodyknows 5y ago> There are ways to get more ... Tax overpayments, only -- the limit of $10000 of electronic bonds per recipient, from whatever source. > The purchase amount of a gift bond counts toward the annual limit of the recipient, not the giver. So, in a calendar year, you can buy up to $10,000 in electronic bonds and up to $5,000 in paper bonds for each person you buy for. https://treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_ibuy.htm#who https://treasurydirect.gov/indiv/research/indepth/ibonds/res...