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qualified savings bond

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Financial Dictionary

Qualified Savings Bond

Refers to a series EE savings bond which has been issued after December 1989 and purchased by an individual at least 24 years of age.

Investopedia Commentary

The interest from this type of bond is tax-free if you redeem it to pay for a higher education expense.

Related Links

Bond Basics Tutorial

See also: Bond, Education IRA, Exempt Income, Exemption, Expense, Full-Time Student, Lifetime Learning Credit, Qualified Higher Education Expense

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