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Saving Bonds Interest Education Exclusion

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    Saving Bonds Interest Education Exclusion

    I'm confused. Please help me clarify:

    Mom and dad have savings bonds in their name AND childs anmes. They will cash those to help pay for education expenses fall of 2008. Child under 24. Child will be reported as a dependent on theur return.

    DO they get the exclusion form savings bond interest? (assuming of course qualitied expenses are at least that amount)

    #2
    My take

    From your post I understand that all bonds have child's name on them as well as parents. If this is the case then the Savings Bond Interest Exclusion is not available.

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