Which one of the following is a correct statement regarding the use of tax-free Series EE savings

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Which one of the following is a correct statement regarding the use of tax-free Series EE savings bond interest to pay for a college education?

A) A 15-year-old child can purchase Series EE bonds for his or her own education, and these bonds will qualify for the tax-free status.

B) The client can use the interest to pay for his or her spouse's education and still qualify for tax-free treatment.

C) The bonds should be issued in the future student's name.

D) The bonds are not available to government employees and their dependents

Related Book For answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-1259917059

18th edition

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

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Posted Date: Feb 12, 2024 05:23 AM

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Which one of the following is a correct statement regarding the use of tax-free Series EE savings

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Accounting for Governmental and Nonprofit Entities

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