Education-Related Inflation Adjustments

January 2009
Federal Tax Course Letter;Jan2009, Vol. 23 Issue 1, p6
Trade Publication
The article offers information on the tax adjustments for education-related inflation in the U.S. The author states that taxpayers redeeming Series EE U.S. Savings Bonds can exclude interest from income by using bond proceeds to pay qualified higher education expenses. Meanwhile, to help qualifying individuals defray the cost of higher education, the Hope Scholarship Credit and the lifetime learning credit is being offered.


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