Higher Education Expenses

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Definitions

Education Savings Bond U.S. Government Bonds Series EE Bonds Series I Bonds Higher Education Expenses Tax Exclusion Qualified Education Expenses

The Education Savings Bond Program allows individuals to exclude interest income from certain U.S. government bonds, issued after 1989, from their taxable income when using the funds to pay for qualified higher education expenses. These bonds include Series EE and Series I Bonds.

Definitions

Higher Education Expenses, Qualified

Higher Education Expenses Qualified Education Expenses American Opportunity Tax Credit Coverdell Education Savings Account Lifetime Learning Credit Educational Tax Benefits

Qualified higher education expenses are necessary for taxpayers or dependents to apply for tax benefits like the American Opportunity Tax Credit, the Coverdell Education Savings Account, and the Lifetime Learning Credit.