ErnieS0
Expert Alumni

Education

There is not change in the Savings Bond section @Kurt15.

  1. Type savings bonds in Search in the top right
  2. Select Jump to savings bonds.
  3. Select Yes on Did you cash any Series EE or I savings bonds
  4. Select Yes on Did you use your U.S. savings bonds to pay for higher education expenses?
  5. Continue through the rest of the screens

The Education Savings Bond Program permits qualified taxpayers to exclude from their gross income all or a portion of the interest earned on the redemption of eligible Series EE and Series I bonds issued after 1989.

 

You must be at least 24 years old before the bond's issue date.

 

To qualify for this exclusion, the taxpayer, the taxpayer's spouse, or the taxpayer's dependent at certain post-secondary educational institutions must incur tuition and other educational expenses. Persons with incomes above certain thresholds may not be eligible to participate. 

 

USING SAVINGS BONDS FOR EDUCATION

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