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Qualified Savings Bond
What does it mean?
Refers to a series EE savings bond which has been issued after December 1989 and purchased by an individual at least 24 years of age.
In Other Words...
The interest from this type of bond is tax-free if you redeem it to pay for a higher education expense.
Related Links
Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial.
Related Terms
Bond | Education IRA | Exempt Income | Exemption | Expense | Full-Time Student | Lifetime Learning Credit | Qualified Higher Education Expense
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