Show bond interest Inter cst taxes deferred clem I 1 L mm anun utah savings bond director point ed out that one of the fee ac ton which I 1 make I 1 savings bonds an advantageous investment ment Is that interest earn ed edon on series E bonds need not bedee lared for or income lincome tax team the he bonds are akre redeemed bo 1 chaty that r interest earned on just savings I 1 bonds is ex abate income IM fasy t on E Z bonds bond may be deferred for at least 17 years 9 months on n newly purchased bonds and up to 30 years from purchase date on those purchased from 1941 toMay may 31 1949 during which periods their values continue to increase through compounded interest an additional 0 alo 10 year deferment Is aval available labi through the me privilege of converting the full redemption value of E X bonds into 10 year current income it II bonds interest from rom savings bonds bonds thi the sarn lame e as other interest terest and dividends Is re 1 aff portable in the year received however the above privilege maks it possible for lor many owners of X I 1 beads to wait until retirement tot estrata i exemption before re porting th e lr erest earnings my mr cr uk t |