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Someone else was talking about cashing in bonds and it reminded me of a question I have.
DH has several saving bonds that were given to him while he was growing up. His mom (who does taxes and accounting), said that if the bonds were used for education, we don't have to pay taxes. Does anyone know how this works and what we have to do?
Or if this is even a good idea? Right now the total is about $1,000, all are earning about 4% with a couple earning 4.39%.
Thanks for your help!
DH has several saving bonds that were given to him while he was growing up. His mom (who does taxes and accounting), said that if the bonds were used for education, we don't have to pay taxes. Does anyone know how this works and what we have to do?
Or if this is even a good idea? Right now the total is about $1,000, all are earning about 4% with a couple earning 4.39%.
Thanks for your help!
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