Taxes on savings bonds & debt settlements?

So I am planning on taking out savings bonds that I have to help pay credit card & personal loan debt. I'm unsure of how it all works. I know that savings bonds & debt settlements will be reported to the IRS for federal income taxes. However, I'm not sure if I have to report any of that to the state... show more So I am planning on taking out savings bonds that I have to help pay credit card & personal loan debt. I'm unsure of how it all works. I know that savings bonds & debt settlements will be reported to the IRS for federal income taxes. However, I'm not sure if I have to report any of that to the state & local taxes as well. I live in the state of PA. Also, does anyone know how much you have to make supposed before you start owing taxes?
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