If I buy I bonds for my grandchild, will they be tax free?

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If I buy I bonds for my grandchild, will they be tax free?
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The ownership of these bonds will affect when interest is tax-free.

Karin Price Mueller | NJMoneyHelp.com for NJ.com

Q. I’m thinking about buying I bonds to help finance my two-year-old grandson’s education. The I bonds would be purchased in his name and Social Security number and held in trust in his mother’s Treasury Direct account until he’s 18 years old.

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