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Strategies & Market Trends : Sonki's Links List

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To: Sonki who wrote (372)11/7/2005 12:10:04 AM
From: Sonki   of 395
 
tricky tax free ibond for education. dont buy in kids name.

publicdebt.treas.gov
publicdebt.treas.gov
FAQs - Education and Savings Bonds
. To qualify, 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.

When using bonds for your own education, the bonds must be registered in your name.

If you're married, you must file a joint return to qualify for the exclusion
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