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Author: ems79 Two stars, 250 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Using I-bond for educational expenses Date: 8/7/2013 5:42 PM
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We have Ibonds as well, which we took out in our name to use for our children's education. We were warned not to have them issued in our kids' names. I guess it was the age 24 thing.

Yep, well it was good advice...

The way I am reading the IRS and Treasury Direct sites it sounds like all co-owners must be over the age of 24 when the bond is ISSUED in order for the bond earnings to tax exempt for educational use.

From Treasury Direct:
- You must be at least 24 years old on the first day of the month in which you bought the bond(s).

- When using bonds for your child's education, the bonds must be registered in your name and/or your spouse's name.
--> Your child can be listed as a beneficiary on the bond, but not as a co-owner.


In my case I am the owner of the bonds, so I am not qualified to use them because I was under 24 at the time of purchase.

I have a handful of EE bonds (small amount of money), but since they were issued before 1989 they are not eligible for educational use...

So I'm SOL from all angles :D
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