Randall Posted September 21, 2022 Report Share Posted September 21, 2022 Apparently, you can exclude bond interest if you contribute to a 529 plan. From what I read, you have to contribute the redemption proceeds (principal and interest). Is that so or just the interest portion? Also, is this excluded (if contributed to a 529) even if modified adjusted gross income exceeds the regular exlusion amount? Quote Link to comment Share on other sites More sharing options...
Lee B Posted September 21, 2022 Report Share Posted September 21, 2022 https://dwdcpa.com/resources/insights/tax-free-conversion-of-us-savings-bonds-to-529-plans Quote Link to comment Share on other sites More sharing options...
Randall Posted September 22, 2022 Author Report Share Posted September 22, 2022 Thanks for the reference. This appears to say the the phase out levels still apply if contributing to a 529 plan. My previous source left this a little vague. Quote Link to comment Share on other sites More sharing options...
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