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How do I get the tax exclusion? Which savings bonds qualify? Series EE or I savings bonds issued after 1989. They must be registered with you as the owner. If you are married, they may be registered with you and your spouse as owners. Important: Note the age restriction in the next section.
If you cashed series EE or I U.S. savings bonds this year that were issued after 1989, you may be able to exclude from your income part or all of the interest on those bonds. Use Form 8815 to figure the amount of any interest you may exclude.
1 maj 2024 · Since May 2005, new EE bonds earn a fixed rate of interest that is set when you buy the bond. They earn that interest for the first 20 years. We may adjust the rate or the way they earn interest after 20 years. For older EE bonds, rules concerning interest may have varied.
If you cash in bonds and use the proceeds to pay for higher education expenses, you may be able to exclude the bond interest you receive from I or EE bonds on your tax return. Qualifications: Issued after 1989; The owner of the bond must be 24 years or older when the bond is issued.
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.
2 maj 2024 · Instead, if you want to invest in Treasury savings bonds in the E series, the next option is to purchase Series EE savings bonds electronically through TreasuryDirect.gov.
30 lip 2024 · Tax Exclusion for Education: If you use the proceeds from your Series EE savings bonds to pay for qualified higher education expenses, you may be able to exclude the interest from your federal income tax. To qualify for this tax benefit, the bond must be registered in your name (or your spouse’s), and you must meet certain income requirements.
