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Education
@Anonymous
There's an income limit for qualifying for the interest exclusion. The income limit (MAGI - Modified Adjusted Gross Income) includes the amount of (potentially) taxable savings bond interest. If your income falls within the "phase out" range, you will only get a partial exclusion/deferment.
The calculation of the excluded amount is shown on form 8815 (lines 9-13).
‎June 19, 2020
1:32 PM