Signed up for TreasuryDirect.gov and added myself and my spouse as registrants:
Purchased 20,0000$ of I Savings Bond on 04/25/2022:
I received an email next day saying below but still haven't received the refund and it has been ~ 8 months.
Your purchase exceeds the annual savings bond purchase limitation. Please be advised the limit is $10,000 per series and TIN per calendar year. A refund of the excess purchase will be made to the bank account where the purchase originated. You should receive your refund approximately 8 to 10 weeks from the date of purchase. You will be notified by email when the refund transaction is processed.
I send emails through the website but receive below response:
Due to heavy volume, we are temporarily limiting our communication by e-mail. For us to respond to your e-mail, it must concern a pending case and it must state your case number in the subject line of your e-mail.
I call them and I wait holding line for 2 hrs but can never reach human.
What is going to happen? Any tax repercussions I will have to face?
NOTE: My wife created her own login and purchased Series I Savings Bond for $10,000.
EDIT: I & my wife now collectively own I Savings Bond of $30,000.