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You can purchase US savings bonds as gifts from the US Treasury Department website. In order to buy electronic gift bonds, you must already have TreasuryDirect account where you can use the Gift Box functionality to buy the bonds. In addition, there is a facility where you can keep the gift bonds in your account until you are ready to have them delivered.
In order to purchase an electronic gift bond, you must know the recipient’s full name, social security number (SSN) and / or tax ID number and finally the recipient’s TreasuryDirect account number. When you send gift bond to the recipient’s TreasuryDirect account, he or she will also receive an email informing him or her about your gift.
To have a TreasuryDirect account and to buy gift bonds, you have to be 18 years or old. If you want to present a gift bond to a child less than 18 years, you can have the bond delivered through Minor Linked Account.
To purchase paper gift bonds, visit any financial institution, fill out the purchase form and pay the money for the bonds. You will receive the bond in three weeks time and if you like you can also request the financial institution to mail the gift bond directly to the recipient. In case you do not know the recipient’s social security number, you can give your own. When the bond comes, it will have your SSN on it but the first 5 digits will be in the form of asterisks. You will have no tax liabilities and it will not be part of your annual purchase limit of $30,000.
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