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.

Form 8815 Department of the Treasury Internal Revenue Service Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989 (For Filers With Qualified Higher Education Expenses) Attach to Form 1040 or 1040-SR. Go to www.irs.gov/Form8815 for the latest information. OMB No. 1545-0074. 2024. Attachment Sequence No. 167

Use Form 8815 to figure the interest income you can exclude from income. The interest income exclusion is phased out at higher income levels. The levels are based on modified adjusted gross income (AGI).

2023年10月10日 · What is Form 8815? If you redeemed Series EE or Series I U.S. savings bonds to pay for higher education expenses, use Form 8815 to exclude the interest from your income. You can claim this exclusion if you paid qualified higher education expenses for yourself, your spouse, or your dependents in the year you redeemed the savings bond(s).

You can find the current cut-off amount on IRS Form 8815. You cash the qualifying savings bonds in the same tax year for which you are claiming the exclusion. You paid qualified higher education expenses to an eligible institution that same tax year.

Can I exclude the interest from my Series EE or I bonds (Form 8815)? 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.

If you find the Form 8815 menu is starred and inaccessible, remove the amount of interest and dividends already entered under the Interest or Dividends (Less than $1500) menu. First, enter the 1099-INT(s).