The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the $10,000 annual limit.

If you were planning to use your tax refund to buy the paper version of inflation bonds, you’re out of luck: That option has been eliminated.

The Treasury Department ended its tax-time savings bond program as of Jan. 1. The program was the last way to buy the paper version of I bonds, as Series I savings bonds are known. The bonds aim to protect savers against the rising cost of living by paying an interest rate linked to inflation.

Some people liked to give paper bonds as gifts, but others used the tax-time program because it let them buy as much as $5,000 in extra I bonds, beyond the allowed annual limit of $10,000 a person in digital bonds. (Couples filing jointly could buy a total of $25,000 in

Keep reading this article on The New York Times Your Money.

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