Posts Tagged ‘Savings Bonds’
Us Savings Bonds At Death
June 15th, 2011
Barack Obama Fundraises for His Old Senate Seat with Chicago’s Wealthy Elite
Savings Bonds For College Expenses
June 14th, 2011
Question: Can my Series EE Savings Bonds pay for Student Loans without getting taxed?
I just graduated college and my family surprised me with some Series EE Student Loans (Tax free if going towards education if I understand correctly), I was browsing through the 8815 form for declaring interest on these bonds, and I don’t see student loan payments listed under eligible expenses, only Tuition.
Well, seeing as how I am not in school anymore, I don’t have tuition payments to make, only loan payments. Am I out of luck as far as dodging uncle sam, or can I save the reciepts I make towards student loan payments to turn in with my taxes?
Thanks in advance to anyone that can help me out, I really appreciate it! =D
Answer: You can deduct the interest paid on student loans but not the principle. Your creditor who issued you the loans should mail you a interest payment sheet detailing how much you paid in interest last year.
AFEI 2010 First Lady Luncheon – May 10, 2010
Posted in Savings Bonds | 
Tags: childcare, college expenses, investment, Savings Bonds, savings bonds for college expenses | 
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