Exclusion Rules
Interest from qualified savings bonds redeemed by the taxpayer can be excluded from income if:
<ul>
<li>&nbsp;The taxpayer paid qualified education expenses during the year for the taxpayer, spouse, or a dependent claimed on the taxpayer’s return.</li>
<li>&nbsp;Filing status is not Married Filing Separate.</li>
</ul>
If proceeds from the redemption (interest and principal) are more than adjusted qualified education expenses, only a percentage of the interest is excludable.
Continue reading: <a href="https://drive.google.com/file/d/1ZTWflm2vBLGVdN5rubP-U6-n1rycYf4y/view?usp=sharing" target="_blank"><ins>Saving for College 2021</ins></a>

Exclusion Rules
Interest from qualified savings bonds redeemed by the taxpayer can be excluded from income if:
• The taxpayer paid qualified education expenses during the year for the taxpayer, spouse, or a dependent claimed on the taxpayer’s return.
• Filing status is not Married Filing Separate.
If proceeds from the redemption (interest and principal) are more than adjusted qualified education expenses, only a percentage of the interest is excludable.
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