Note that the tax-free educational expenses apply only to higher education and h...

ericd · on April 23, 2022

Ah thanks for the clarification! Have a link to a good explanation of the limitations?

piotrkaminski · on April 23, 2022

I just poked around the Treasury site. It's a maze of little corridors all alike, but this one has some relevant info: https://www.treasurydirect.gov/indiv/planning/plan_education...

ericd · on April 23, 2022

Had a bit of a hard time finding the actual AGI limit, but I found it here: https://www.irs.gov/publications/p970

Unfortunately, not that high:

You may be able to cash in qualified U.S. savings bonds without having to include in your income some or all of the interest earned on the bonds if you meet the following conditions.

- You pay qualified education expenses for yourself, your spouse, or a dependent.

- Your MAGI is less than $98,200 ($154,800 if married filing jointly).

- Your filing status isn't married filing separately.