[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-11284":3},{"rec_id":4,"title":5,"text":6},"11284","Do I qualify to exclude Series EE or I Bond interest?","You can exclude Series EE or I Bond interest if \u003Cb>all\u003C/b> the following apply:\r\n\u003Cul>\r\n\u003Cli>You cashed qualified U.S savings bonds in 2025 that were issued after 1989.\u003C/li>\r\n\u003Cli>You paid qualified higher \u003Ca href=\"/freefile2025/answers?faq=11285\">education expenses\u003C/a> (or made education savings plan contributions) in 2025 for yourself, your spouse, or your dependents.\u003C/li>\r\n\u003Cli>Your filing status is any status except \u003Ci>Married Filing Separately\u003C/i>.\u003C/li>\r\n\u003Cli>Your Modified Adjusted Gross Income (MAGI) is less than: $114,500 if \u003Ci>Single\u003C/i>, \u003Ci>Head of Household\u003C/i>, or \u003Ci>Qualifying Surviving Spouse\u003C/i>; or $179,250 if \u003Ci>Married Filing Jointly\u003C/i>.\u003C/li>\r\n\u003Cli>You were age 24 or older before the bonds were issued.\u003C/li>\r\n\u003C/ul>\r\nA bond bought by a parent and issued in the name of his or her child under age 24 doesn't qualify for the exclusion by the parent or child.\r\n\u003Cbr>\u003Cbr>\r\nThe IRS also requires you to keep the following records if you exclude interest:\r\n\u003Cul>\r\n\u003Cli>Bills, receipts, canceled checks, or other documents showing you paid qualified higher education expenses in 2025.\u003C/li>\r\n\u003Cli>A written record of each post-1989 series EE or I bond that you cashed. Your record must include the serial number, issue date, face value, and total redemption proceeds (principal and interest) of each bond. You can use \u003Ca href=\"https://www.freetaxusa.com/taxes2025/formdownload?sid=3&form=f8818.pdf\" target=\"_blank\">\u003Ci>Form 8818\u003C/i>\u003Cspan class=\"append_pdf\"> \u003C/span>\u003C/a> as your written record.\u003C/li>\r\n\u003C/ul>\r\nWe don't support the recalculation of interest expense due to royalties for \u003Ci>Form 8815\u003C/i> MAGI.",1777391516279]