The U.S. Department of the Treasury has announced the annual limitation on purchases of United States Savings Bonds will be set at $5,000 per Social Security Number, effective January 1, 2008. The limit applies separately to Series EE and Series I savings bonds, and separately to bonds issued in paper or electronic form. Under the new rules, an individual can buy a maximum of $5,000 worth of electronic and paper bonds of each series in a single calendar year, or a total of $20,000, in single ownership form. Additional information regarding the change in the purchase limit for savings bonds can be found on the Department of the Treasury web site at:
http://www.treasurydirect.gov .
Please share this information with your employees who purchase savings bonds through payroll deduction. KEO:JJM:ntr
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