Income Limits for Savings Bond Education Deduction

Tuesday, November 10th, 2009
Categorized as: Savings Bond college education deduction

What are the current modified gross income parameters for the Savings Bond education deduction?

Tom’s response

Here are the income limitations. The deduction begins to phase out at the low end of the range and isn’t available at all if your income is over the high end.

  • Next year (2010)
    • Married filing jointly or qualifying widow(er): $105,100 – $135,100
    • Married filing separately: deduction not allowed
    • All other filing statuses: $70,100 – $85,100
  • This year (2009)
    • Married filing jointly or qualifying widow(er): $104,900 – $134,900
    • Married filing separately: deduction not allowed
    • All other filing statuses: $69,950 – $84,950
  • Last year (2008)
    • Married filing jointly or qualifying widow(er): $100,650 – $130,650
    • Married filing separately: deduction not allowed
    • All other filing statuses: $67,100 – $82,100

Click here for the other limitations of the US Savings Bond education deduction

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