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Is EE/I Bond Interest used for Qualified Higher Education Expenses included in MAGI for Form 8962?
Assuming the tax payer's income is below the limit for EE/I Bonds and the interest is exempted from AGI due to being used for Qualified Higher Education Expenses.....does the interest get added into MAGI? According to Form 8962 and the Data Source for the form, it does not. This is extremely important for accuracy as this could decrease an ACA Tax Subsidy . Thank you for your reply.
March 10, 2021
10:41 AM