<prompt> Human: The savings bond they gave me all look like thisMost importantly, is it relatively safe in terms of tax for me to make such a large deposit? Roughly 10,000 - 13,000 My name and social is on the savings bond; do my parents have to pay a gift tax or anything? Should I deposit it in separate smaller transactions?  <response>: You will pay tax on the interest earned on the bonds your parents paid half the face value of the bonds ie. a 500 bond is actually 250. Your parents will have no tax liability in the matter. 