# Using tax return for additional I-Bonds

**URL:** <https://community.clark.com/t/using-tax-return-for-additional-i-bonds/1506>\
**Category:** Investing\
**Created:** [October 18, 2022, 5:11pm UTC](https://community.clark.com/t/using-tax-return-for-additional-i-bonds/1506 "2022-10-18T17:11:55Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![OU812](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ou812/32/1549_2.png) [@OU812](https://community.clark.com/u/OU812)\
**Post date:** [October 18, 2022, 5:11pm UTC](https://community.clark.com/t/using-tax-return-for-additional-i-bonds/1506/1 "2022-10-18T17:11:56Z")

</div>

I’ve read where you can invest an additional $5,000 in I-Bonds with your tax return (over the $10,000 allowed). Questions I have not found answers to:

1. Is this also $5,000 per person? So if my wife and I file a joint return, can we invest $10,000 each and then an additional $5,000 each if we have $10,000 tax refund for a total of $30,000 ($15,000 each)?
2. Assuming I-Bonds keep paying good returns, does it make sense to pay additional tax in December so that you will have this large a return?
3. Does it have to be directly deposited into your I-Bond account? Is it then possible to split the deposit into 2 accounts - mine and my wifes?

---

<div class="post-metadata">

**Author:** ![butler](https://avatars.discourse-cdn.com/v4/letter/b/ac91a4/32.png) [@butler](https://community.clark.com/u/butler)\
**Post date:** [October 18, 2022, 5:32pm UTC](https://community.clark.com/t/using-tax-return-for-additional-i-bonds/1506/2 "2022-10-18T17:32:38Z")

</div>

Can you just setup single member LLCs and buy as many iBonds as you want? I seem to recall that corporations and LLCs were eligible.

---

<div class="post-metadata">

**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\
**Post date:** [October 19, 2022, 12:16am UTC](https://community.clark.com/t/using-tax-return-for-additional-i-bonds/1506/3 "2022-10-19T00:16:48Z")

</div>

If you file jointly you get $5000 for that joint return. They come in paper bonds jointly titled, as per the tax return itself. Then you each can buy $10000 in your individual TD accounts. As for corporations buying I bonds, I am admit to knowing nothing about that.

There are proposals to raise the limit.