Homework Answers
Education savings bond program allows taxpayers to exempt interest earned on such bonds from the gross income if it is used solely for tuition related such as tuition fees, lab fees etc. For this the taxpayer must be atleast 24 years old when the bond is purchased.
These cannot be used for paying textbooks, rooms and board, sports programs etc.so the answer for the above question is :
Room and board needed to attend an eligible education institution.
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federal income tax question
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federal income tax question
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federal income tax question
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