Report post

What is an education savings bond program?

An education savings bond program lets taxpayers exempt some or all of the interest earned upon redemption of eligible savings bonds from their annual gross income. The bond owner must be at least 24 years of age when the bond is purchased for it to qualify for this program.

Can I use my savings bonds for higher education?

Filers must use forms the IRS specifically designed for this purpose. To qualify for this program, the savings bonds must be Series EE or Series I bonds issued after 1989. Learn about the education savings bond program and find out if you are eligible to use your savings bonds for payments toward higher education.

Are Series EE Savings Bonds a good investment?

Series EE savings bonds are a low-risk way to save money. They earn interest regularly for 30 years (or until you cash them if you do that before 30 years). For EE bonds you buy now, we guarantee that the bond will double in value in 20 years, even if we have to add money at 20 years to make that happen.

The World's Leading Crypto Trading Platform

Get my welcome gifts