Education Feature

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Interest earned on EE bonds with January 1, 1990, and later issue dates may qualify for exclusion from income for Federal income tax purposes if the owner pays his or her tuition and required fees or those of his or her spouse or legally dependent children at colleges, universities, and qualified technical schools during the year eligible bonds are redeemed. Costs of room, board, and books are excluded. See IRS Publication 550 “Investment Income and Expenses and IRS Form 8815 for details.