Page 32 - Interest Income - Individuals

Series H and HH Bonds

Series H

 These bonds were issued at face value

in exchange for other savings bonds.
Series HH bonds were issued between
1980 and 2004.

 They mature 20 years after issue. Series
HH bonds that have not matured pay

interest twice a year by direct deposit
to your bank account.
IN  If you are a cash method taxpayer, you

must report this interest as income in
the year you receive it. Series H bonds

were issued before 1980.
 All Series H bonds have matured and
are no longer earning interest. In

addition to the twice-ayear interest
payments, most H/HH bonds also have

a deferred interest component. The
reporting of this as income is addressed
later in this chapter.

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