Can someone clarify this? Everything I read on the IRS site for tax benefits for education expenses (https://www.irs.gov/publications/p970) makes it sound like you can fill out Form 8815 as a qualified savings bond interest exclusion. You cannot claim both student loan interest deduction and the savings bond interest exclusion. If you're like me and at the end of your student loans and therefore have a lower student loan deduction it makes more sense to me to cash in savings bonds to gain the interest exclusion benefit and not claim the student loan interest deduction. Does anyone have any more specific experience with this?
