savings bonds for education
Client has savings bonds.
I heard if you use savings bonds for education they interest is not taxable?
Is this correct?
is there a certain kind of savings bonds that do this or all of them?
just for college or any Higher education?
or
Are is this all wrong?
Thank you,
Douglas
Permalink Submitted by Alan - IRA critic on Wed, 2016-08-03 00:12
It is correct. See Chapter 10 of Pub 970 attached: https://www.irs.gov/pub/irs-pdf/p970.pdfNote the income limits for the exclusion.