SB Form 2104: Series EE Savings Bonds Authorization

SB Form 2104: Series EE Savings Bonds Authorization – SB Form 2104: Authorization for Purchase and Request for Change – US Savings Bonds Series EE is a specialized form used primarily in certain federal, military (such as Air Force), or organizational payroll systems to authorize deductions from pay for purchasing Series EE U.S. Savings Bonds and to request changes to existing authorizations.

What Is SB Form 2104?

This form, titled “Authorization for Purchase and Request for Change United States Series EE Savings Bonds” (sometimes extending to Series I), allows employees or service members to:

  • Set up automatic payroll allotments/deductions to buy Series EE bonds.
  • Specify bond registration details (owner, co-owner, beneficiary).
  • Choose bond denominations and purchase amounts.
  • Request changes or cancellations to existing deductions.

It was historically part of the U.S. Treasury’s Payroll Savings Plan, enabling convenient, systematic saving through government-backed bonds. While electronic purchases via TreasuryDirect.gov are now the primary method, legacy or specific employer/military payroll systems may still reference or use versions like SB Form 2104.

Note: Paper savings bond purchases through traditional employer payroll deductions have been largely phased out. The Payroll Savings Plan for paper bonds ended in phases (banks in 2011, tax refunds in 2025), shifting focus to electronic options.

Who Needs SB Form 2104?

  • Federal civilian employees or military personnel (e.g., Air Force) with access to payroll deduction programs.
  • Individuals in organizations offering savings bond payroll allotments.
  • Anyone needing to update bond purchase details, such as amount, registration, or cancellation.

For most Americans today, buying Series EE bonds is simpler through a TreasuryDirect account.

Key Features of Series EE Savings Bonds

  • Guaranteed return: Earn a fixed interest rate for up to 30 years.
  • Tax advantages: Federal tax-deferred (interest taxed only upon redemption); potentially state-tax exempt. Education exclusions may apply under certain conditions.
  • Safety: Backed by the full faith and credit of the U.S. government.
  • Purchase limits: Electronic bonds up to $10,000 per person per calendar year (plus additional with tax refunds in some cases, though paper options are limited).
  • Maturity: Bonds issued after May 2005 double in value after 20 years and continue earning for another 10 years.

Series EE bonds complement other savings like Series I (inflation-protected) bonds.

How to Use or Obtain SB Form 2104?

  1. Download the form from official sources provided for your organization (e.g., Air Force e-Publishing links):

    Always verify with your payroll/human resources office or DFAS (Defense Finance and Accounting Service) for the current version.

  2. Complete the form with:
    • Personal details (name, SSN, address).
    • Deduction amount and frequency.
    • Bond inscription (registration).
    • Sign and submit through your employer’s payroll channels.
  3. For changes: Submit a new form to adjust allotments or cancel.

Important: Forms must often be certified, and processing may route through specific centers like DFAS for military members.

Modern Alternatives: Buy Electronically via TreasuryDirect

Most people no longer need payroll forms like SB 2104. Instead:

  • Open a free TreasuryDirect account at TreasuryDirect.gov.
  • Buy Series EE or I bonds directly (from $25 to $10,000).
  • Set up recurring purchases linked to your bank (similar to old payroll deductions).

Other common Treasury forms (for paper bonds or management):

Benefits of Saving with U.S. Savings Bonds

  • Low-risk, predictable growth.
  • Ideal for long-term goals like education, retirement supplements, or gifts.
  • Easy gifting to minors or family.
  • No state/local taxes on interest in many cases.

Frequently Asked Questions (FAQs)

Can I still buy Series EE bonds with payroll deduction?
Limited options remain for electronic purchases in some employer systems. Contact your HR or payroll for availability.

What if I lose the form or need help?
Reach out to your organization’s payroll office, DFAS (for military), or TreasuryDirect customer service.

Are there fees?
No purchase or maintenance fees for savings bonds.

Tax implications?
Report interest on your federal return when redeemed (or annually if elected). Use IRS Form 8818 for education savings exclusions if eligible.

Conclusion

SB Form 2104 provides a structured way for eligible employees to invest in safe, U.S. government-backed Series EE Savings Bonds through payroll. While digital tools at TreasuryDirect have modernized the process, this form remains relevant in specific federal and military contexts.

Start saving today for financial security. Visit TreasuryDirect.gov for the easiest way to buy bonds, or consult your payroll administrator for form-specific guidance.

This article is for informational purposes. Always use official government sources and consult professionals for personalized advice. Information is current as of 2026.