If you're receiving a tax refund this year, you can use it to buy U.S. savings bonds from the IRS. Here are the details.

• You may purchase up to $5,000 in U.S. Series I savings bonds.
• The total amount of bonds you purchase must be a multiple of $50. Any refund over the specified bond purchase amount must be deposited into another financial account, such as a checking or savings account.
• Bonds will be issued in your name. If you're married and file a joint return, the bonds will be issued in the names of both spouses.
• The bonds will be sent to you by mail.
• You select this option when filing your 2009 return by using Form 8888, "Direct Deposit of Refund to More Than One Account."
• Form 8888 gives instructions on selecting this option and specifying the amount of refund you want to use to buy savings bonds.

For additional information about Series I savings bonds, go to www.treasurydirect.gov.

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