Interest on redemption of Series EE bonds is tax-exempt if you redeem them in a year you have qualified education expenses. Exemption depends on the amount of your income in the year you redeem the bond.
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What Types of Tax Relief are Available for Costs of my Children's Higher Education?
A wide variety of tax relief is available, but you'll need to choose which credit or deduction to...
What is the Education Tax Credit?
Two tax credits are available for education costs - the American Opportunity Credit (formerly the...
Do any tax planning considerations apply to the education tax credit?
For an academic period (quarter, semester, etc.) beginning in the first 3 months of a calendar...
Do living expenses while in school qualify for tax relief?
Sometimes. Examples are for relief provided for Coverdell Education Savings Accounts (Section 530...
How does a Coverdell (Section 530) Education Savings Account work?
An education IRA differs from other IRAs in the following ways: No more than $2,000 a year can...
