During 2021, Albert redeems Series EE savings bonds for $6,000 - - consisting of $2,000 interest and $4,000 principal. Albert has net qualifying education expenses of $5,000 in 2021. Albert, a single individual, reports adjusted gross income (without the savings bond interest) of $20,000. How much may Albert exclude on his 2021 Form 1040?

Answer rating: 100% (QA)

ANSWER To determine how much Albert may exclude on his 2021 Form 1040 for the savings bond interest ... View the full answer