Get Form 8815

This guide will provide you with a clear and supportive walkthrough on how to complete Form 8815 online. By following these steps, you will be able to accurately report the exclusion of interest from specified U.S. savings bonds.

Follow the steps to fill out Form 8815 with ease.

1. Click ‘Get Form’ button to obtain the form and open it for completion.
2. In column (a) of line 1, enter the name of the person who attended an eligible educational institution. This could be you, your partner, or a dependent. Ensure you also include their Social Security number.
3. In column (b) of line 1, provide the name and address of the eligible educational institution attended.
4. On line 2, indicate the total qualified higher education expenses you paid in 2024 for those listed on line 1. This includes tuition and fees required for enrollment.
5. On line 3, input the total nontaxable educational benefits received for the same individual(s). These can include scholarships or grants.
6. Subtract line 3 from line 2 and assess if the result is zero or below; if so, you cannot claim the exclusion and should skip ahead.
7. Record the total proceeds from all Series EE and I U.S. savings bonds cashed during the tax year on line 4.
8. On line 5, enter the total interest included in line 4.
9. Calculate the ratio on line 6. If the total proceeds are equal to or more than the interest, enter '1.000'; otherwise, divide line 4 by line 5.
10. Multiply the result from line 6 by the value on line 7.
11. Input your modified adjusted gross income on line 9. If it exceeds specified thresholds, you may not qualify for the exclusion.
12. For line 10, subtract the threshold values based on your filing status from line 9.
13. Complete lines 11 and 12 and calculate as directed.
14. For line 14, subtract line 13 from line 8 to determine the excludable savings bond interest, which you will report on your Schedule B.

Complete your Form 8815 online today for a smooth tax filing experience.