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Buying Savings Bonds via payroll deduction is now easier

by on
in Small Business Tax Deduction Strategies

Under new Treasury Department rules, it's now easier for em-ployees to buy U.S. Savings Bonds through payroll deduction. Employees can arrange for a specific amount from their paychecks to be placed in a Treasury Direct account, where it can be used to buy Savings Bonds. In the past, employers were required to collect employee contributions, buy the Savings Bonds and deliver them to employees. The cost and hassle deterred many employers, but Treasury hopes the new rules will encourage more employers to offer payroll deduction. For details, visit www.treasurydirect.gov.

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