Bond rule
Qualified bonds are Series EE bonds issued after 1989 or Series I bonds, generally owned by you or by you and your spouse. The owner must have been at least 24 before the bond issue date.
Apps
Form 8815 estimator
2026 Education Savings Bond Exclusion Calculator
Estimate how much Series EE or I savings bond interest may be excluded when 2026 redemptions are used for qualified higher education expenses.
2026 exclusion signalPartial exclusionThe estimate applies the AQEE/proceeds ratio and 2026 MAGI phaseout.
Bond and education inputs
Form 8815 estimate
Estimated exclusion$1,350Update the inputs to refresh this result.
Taxable interest$450Update the inputs to refresh this result.
Adjusted qualified expenses$9,000Update the inputs to refresh this result.
Expense ratio75%Update the inputs to refresh this result.
MAGI phaseout0%Update the inputs to refresh this result.
2026 income rule
For 2026, the exclusion phases out from $101,800 to $116,800 for non-joint returns and from $152,650 to $182,650 for joint returns. Married filing separately is not eligible.