Getting your player ready...
If you’re bad at saving, consider a new feature offered by the federal government.
For the first time, it is offering to send tax refunds in the form of U.S. savings bonds this year. They come in increments of $50. So if you’re due a $158 refund, you can deposit $8 into a bank account and get $150 in interest-paying bonds. The bonds even protect against inflation: Their payments move up and down with the Consumer Price Index.
Holders can also cash them in any time after five years with no penalty. To get your refund as bonds, you will need to file a Form 8888 with your tax refund.
The Associated Press
