Are Inherited Savings Bonds Taxes Going to Cost Me a Fortune?

Contributing sentiments towards policy:

58% : If you decide to reissue the bonds and defer paying income tax on the interest earnings, it's a good idea to keep a paper trail documenting any interest that's already been paid.
49% : When Do I Have to Pay Tax on Inherited Savings Bonds?
49% : Understanding the potential tax consequences and your options for avoiding income tax can help you to make the most of inherited bonds.
48% : The good news is that you may be able to defer taxes on inherited savings bonds or avoid it altogether in certain situations.
48% : That exclusion allows you to sidestep taxes on the interest income from bonds if you:So, for example, if your oldest child is about to go off to college and you inherit savings bonds from your parents you could cash them out and use the money to pay for education costs.
47% : The short answer is yes, you generally will be responsible for taxes owed on savings bonds you inherit from someone else.
46% : However, there's one important question to ask: Do I have to pay tax on inherited savings bonds?
45% : Do I Have to Pay Taxes on Inherited Savings Bonds for College?
43% : Using inherited savings bonds to pay for college could save you money on taxes but it's important to make sure you're following the IRS rules to qualify for the exclusion.
42% : It's possible to avoid paying taxes on inherited savings bonds if you qualify for the education exclusion.
39% : Reporting Taxes on Inherited Bonds

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