IRS · Official form

Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989

If you cashed Series EE or Series I savings bonds and paid qualified higher education expenses in the same year, Form 8815 figures how much of the bond interest you can exclude from income. Fill in the official IRS PDF below and download it.

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What is 8815?

Interest on U.S. savings bonds is normally taxable when the bonds are redeemed, but the education savings bond program lets qualifying taxpayers exclude some or all of it. The bonds must be Series EE or Series I bonds issued after 1989 to a person who was at least 24 years old at issuance, and in the redemption year you must pay qualified higher education expenses, tuition and fees for yourself, your spouse, or a dependent, or contributions to a 529 plan or Coverdell account.

Form 8815 compares the bond proceeds with the qualified expenses: if expenses equal or exceed the proceeds, all the interest can qualify, and if not, the exclusion is prorated. The benefit also phases out above modified adjusted gross income limits that adjust each year, and married taxpayers filing separately cannot claim it. The excluded amount flows to Schedule B of your return.

Who files 8815?

Taxpayers who cashed Series EE or I bonds issued after 1989 and paid qualified tuition and fees that year
Bond owners who were at least 24 years old when the bonds were issued
Parents who redeemed bonds to fund a dependent’s college costs or a 529 plan contribution
Taxpayers whose modified AGI falls under the phase-out limits in the current instructions

How to fill out 8815

List the person who attended the eligible institution and the institution’s name and address in Part I style entries on the form.
Enter the total proceeds from the qualifying bonds you cashed and the portion that is interest.
Enter the qualified higher education expenses paid during the year, reduced by tax-free assistance such as scholarships and amounts used for other education credits.
Work through the ratio and the modified AGI phase-out lines to figure the excludable interest.
Carry the exclusion to Schedule B, attach Form 8815 to your return, and download the completed PDF for your records.

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Page 1 26 fields

Name(s) shown on return

Your social security number

1. Row: 1. Column: (a) Name of person (you, your spouse, or your dependent) who was enrolled at or attended an eligible educational

Row: 1. Column: (b) Name and address of eligible educational institution. Line 1 of 2.

Row: 1. Column: (b) Name and address of eligible educational institution. Line 2 of 2.

Row: 2. Column: (a) Name of person (you, your spouse, or your dependent) who was enrolled at or attended an eligible educational

Row: 2. Column: (b) Name and address of eligible educational institution. Line 1 of 2.

Row: 2. Column: (b) Name and address of eligible educational institution. Line 2 of 2.

Row: 3. Column: (a) Name of person (you, your spouse, or your dependent) who was enrolled at or attended an eligible educational

Row: 3. Column: (b) Name and address of eligible educational institution. Line 1 of 2.

Row: 3. Column: (b) Name and address of eligible educational institution. Line 2 of 2.

2. Enter the total qualified higher education expenses you paid in 2025 for the person(s) listed in column (a) of line 1. See the

3. Enter the total of any nontaxable educational benefits (such as nontaxable scholarship or fellowship grants) received for 2025 for the

4. Subtract line 3 from line 2. If zero or less, stop. You cannot take the exclusion.

5. Enter the total proceeds (principal and interest) from all series E E and I U.S. savings bonds issued after 1989 that you cashed during

6. Enter the interest included on line 5. See instructions.

7. If line 4 is equal to or more than line 5, enter “1.000.” If line 4 is less than line 5, divide line 4 by line 5. Enter the result as a

7. Numbers after the decimal.

8. Multiply line 6 by line 7.

9. Enter your modified adjusted gross income. See instructions. Note: If line 9 is $114,500 or more if single, head of household, or

10. Enter $99,500 if single, head of household, or qualifying surviving spouse; or $149,250 if married filing jointly.

11. Subtract line 10 from line 9. If zero or less, skip line 12, enter 0 on line 13, and go to line 14.

12. Divide line 11 by $15,000 if single, head of household, or qualifying surviving spouse; or $30,000 if married filing jointly. Enter the

12. Numbers after the decimal.

13. Multiply line 8 by line 12.

14. Excludable savings bond interest. Subtract line 13 from line 8. Enter the result here and on Schedule B (Form 1040), line 3.

Page 3 8 fields

Page 3. Line 6 Worksheet (keep a copy for your records). 1. Enter the amount from Form 8815, line 5.

2. Enter the face value of all post-1989 paper series E E bonds cashed in 2025.

3. Multiply line 2 by 50% (0.50).

4. Enter the face value of all electronic series E E bonds (including post-1989 series E E bonds converted from paper to electronic format)

5. Add lines 3 and 4.

6. Subtract line 5 from line 1. If you did not report any interest in previous years for the savings bonds cashed during 2025, stop here

7. Enter the amount of interest reported as income in previous years.

8. Subtract line 7 from line 6. Enter the result here and on Form 8815, line 6.

Page 4 5 fields

Page 4. Line 9 Worksheet (keep a copy for your records). 1. Enter the amount from line 2 of Schedule B (Form 1040).

2. Add the amounts from Form 1040, or 1040-S R, lines 1z, 3b, 4b, 5b, 6b, and 7a, and the amounts from Schedule 1 (Form 1040), lines 1

3. Add lines 1 and 2.

4. Enter the total of the amounts from Schedule 1 (Form 1040), lines 11 through 20, 23, and 25.

5. Subtract line 4 from line 3. Enter the result here and on Form 8815, line 9.

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Frequently asked questions

Which bonds qualify for the exclusion?

Only Series EE and Series I U.S. savings bonds issued after 1989, and only if the bond owner was at least 24 years old before the bond’s issue date. Bonds bought in a child’s name do not qualify, even if used for the child’s education.

What counts as qualified expenses?

Tuition and required fees at an eligible postsecondary institution for you, your spouse, or a dependent, plus contributions to a 529 plan or Coverdell ESA. Room, board, and books do not count, and expenses must be reduced by scholarships and amounts used to claim education credits.

Is there an income limit?

Yes. The exclusion phases out above modified AGI thresholds that change each year, and it is unavailable to married taxpayers filing separately. Check the current Form 8815 instructions at irs.gov for this year’s limits.

Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989

What is 8815?

Who files 8815?

How to fill out 8815

Quick fill 8815 on this page

Frequently asked questions

Related forms

Form 1099-INT, Interest Income

Form 8863, Education Credits (American Opportunity and Lifetime Learning Credits)

Form 1040, US Individual Income Tax Return