Artículo Form 8815.. Form 8815.

id="en_US_2025_publink1000171498"> Form 8815. Use Form 8815 to figure your exclusion. Attach the form to your Form 1040 or 1040-SR. Qualified U.S. savings bonds. A qualified U.S. savings bond is a Series EE bond issued after 1989 or a Series I bond. The bond must be issued either in your name (sole owner) or in your and your spouse’s names (co-owners). You must be at least 24 years old before the bond’s issue date. For example, a bond bought by a parent and issued in the name of his or her child under age 24 doesn’t qualify for the exclusion by the parent or child. . The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. . Beneficiary. You can designate any individual (including a child) as a beneficiary of the bond. Verification by IRS. If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of the Treasury. Qualified expenses. Qualified higher education expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account (ESA). Qualified expenses don’t include expenses for room and board or for courses involving sports, games, or hobbies that aren’t part of a degree- or certificate-granting program. Eligible educational institutions. These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the U.S. Department of Education. Reduction for certain benefits. You must reduce your qualified higher education expenses by all of the following tax-free benefits. Tax-free part of scholarships and fellowships (see Scholarships and fellowships in chapter 8). Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. Expenses used to figure the tax-free portion of distributions from a qualified tuition program. Any tax-free payments (other than gifts or inheritances) received for educational expenses, such as: Veterans’ educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. Any expense used in figuring the American opportunity and lifetime learning credits. Amount excludable. If the total proceeds (interest and principal) from the qualified U.S. savings bonds you redeem during the year aren’t more than your adjusted qualified higher education expenses for the year, you may be able to exclude all of the interest. If the proceeds are more than the expenses, you may be able to exclude only part of the interest. To determine the excludable amount, multiply the interest part of the proceeds by a fraction. The numerator of the fraction is the qualified higher education expenses you paid during the year. The denominator of the fraction is the total proceeds you received during the year. Example 1. Max and Helene married and paid $5,000 in January 2009 for a $10,000 denomination Series EE U.S. savings bond. They cashed the bond for $6,148 ($5,000 [price] + $1,148 [interest]) and paid $4,000 of college tuition for their child, Ari, in January 2025. Max and Helene can exclude $746.90 ($1,148 x ($4,000 ÷ $6,148)) of interest on their 2025 joint income tax return. Example 2. In January 2024, Mark and Joan, a married couple, cashed qualified Series EE U.S. savings bonds with a total denomination of $10,000 that they bought in January 2008 for $5,000. They received proceeds of $8,052, representing principal of $5,000 and interest of $3,052. In 2024, they paid $4,000 of their daughter’s college tuition. They aren’t claiming an education credit for that amount, and their daughter doesn’t have any tax-free educational assistance. They can exclude $1,516.15 ($3,052 × ($4,000 ÷ $8,052)) of interest on their 2024 joint income tax return. U.S. Treasury Bills, Notes, and Bonds Treasury bills, notes, and bonds are direct debts (obligations) of the U.S. Government. Taxation of interest. Interest income from Treasury bills, notes, and bonds is subject to federal income tax but is exempt from all state and local income taxes. You should receive a Form 1099-INT showing the interest paid to you for the year in box 3. Treasury bills. These bills generally have a 4-week, 8-week, 13-week, 26-week, or 52-week maturity period. They are generally issued at a discount in the amount of $100 and multiples of $100. The difference between the discounted price you pay for the bills and the face value you receive at maturity is interest income. Generally, you report this interest income when the bill is paid at maturity. If you paid a premium for a bill (more than the face value), you generally report the premium as a section 171 deduction when the bill is paid at maturity. If you reinvest your Treasury bill at its maturity in a new Treasury bill, note, or bond, you will receive payment for the difference between the proceeds of the maturing bill (par amount less any tax withheld) and the purchase price of the new Treasury security. However, you must report the full amount of the interest income on each of your Treasury bills at the time it reaches maturity. Treasury notes and bonds. Treasury notes generally have maturity periods of more than 1 year, ranging up to 10 years. Maturity periods for Treasury bonds are generally longer than 10 years. Both generally pay interest every 6 months. Generally, you report this interest for the year paid. For more information, see U.S. Treasury Bills, Notes, and Bonds in chapter 1 of Pub. 550. . For other information on Treasury notes or bonds, write to: . Treasury Retail Securities Services P.O. Box 9150 Minneapolis, MN 55480-9150 . . Or, on the Internet, go to TreasuryDirect.gov/marketable-securities/ . . For information on Series EE, Series I, and Series HH savings bonds, see U.S. Savings Bonds , earlier. Treasury inflation-protected securities (TIPS). These securities pay interest twice a year at a fixed rate, based on a principal amount adjusted to take into account inflation and deflation. For the tax treatment of these securities, see Inflation-Indexed Debt Instruments under Original Issue Discount (OID) in chapter 1 of Pub. 550. Bonds Sold Between Interest Dates If you sell a bond between interest payment dates, part of the sales price represents interest accrued to the date of sale. You must report that part of the sales price as interest income for the year of sale. If you buy a bond between interest payment dates, part of the purchase price represents interest accrued before the date of purchase. When that interest is paid to you, treat it as a nontaxable return of your capital investment, rather than as interest income. See Accrued interest on bonds under How To Report Interest Income in chapter 1 of Pub. 550 for information on reporting the payment. Insurance Life insurance proceeds paid to you as beneficiary of the insured person are usually not taxable. But if you receive the proceeds in installments, you must usually report a part of each installment payment as interest income. For more information about insurance proceeds received in installments, see Pub. 525. Annuity. If you buy an annuity with life insurance proceeds, the annuity payments you receive are taxed as pension and annuity income from a nonqualified plan, not as interest income. See chapter 5 for information on pension and annuity income from nonqualified plans. State or Local Government Obligations Interest on a bond used to finance government operations generally isn’t taxable if the bond is issued by a state, the District of Columbia, a territory of the United States, or any of their political subdivisions. Bonds issued after 1982 by an Indian tribal government (including tribal economic development bonds issued after February 17, 2009) are treated as issued by a state. Interest on these bonds is generally tax exempt if the bonds are part of an issue of which substantially all proceeds are to be used in the exercise of any essential government function. However, the essential government function requirement does not apply to tribal economic development bonds issued after February 17, 2009. See section 7871(f). For information on federally guaranteed bonds, mortgage revenue bonds, arbitrage bonds, private activity bonds, qualified bonds, and tax credit bonds, including whether interest on some of these bonds is taxable, see State or Local Government Obligations in chapter 1 of Pub. 550. Information reporting requirement. If you file a tax return, you are required to show any tax-exempt interest you received on your return. Tax-exempt interest paid to you will be reported to you on Form 1099-INT, box 8. This is an information reporting requirement only. It doesn’t change tax-exempt interest to taxable interest. Original Issue Discount (OID) OID is a form of interest. You generally include OID in your income as it accrues over the term of the debt instrument, whether or not you receive any payments from the issuer. A debt instrument generally has OID when the instrument is issued for a price that is less than its stated redemption price at maturity. OID is the difference between the stated redemption price at maturity and the issue price. All debt instruments that pay no interest before maturity are presumed to be issued at a discount. Zero coupon bonds are one example of these instruments. The OID accrual rules generally don’t apply to short-term obligations (those with a fixed maturity date of 1 year or less from date of issue). See Discount on Short-Term Obligations in chapter 1 of Pub. 550. De minimis OID. You can treat the discount as zero if it is less than one-fourth of 1% (0.0025) of the stated redemption price at maturity multiplied by the number of