FINANCE

Treasury Changes Ads for Savings Bonds: The U.S. Treasury is changing its savings bond advertisements to note that the bonds are not always “Tax Free for College,” as its campaign claimed. New ads from the Treasury will say there is an income cap and other limitations for savers who want to take advantage of the tax-free aspect of Series EE Savings Bonds. The tax benefit is phased out for people who make more than a specified limit when the bonds are redeemed. This year the limit is $66,200 for married couples filing joint tax returns and $44,150 for single filers. Each year the limit will be raised along with inflation. Also, any interest accumulated from the bonds counts toward income when figuring whether the tax break applies.