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Thumb of Michigan | Going from memory, bonds purchased by parents (not GP or others), IDR if they had to be in parents name, but if cashed and used for qualifying higher education expense, interest was tax free.
Surprised CPA didn't know this or couldn't source IRS rules. I don't subscribe to all the info sources anymore, since I sold my financial services practice, is why I'm going from memory.
Here's a quick search that might help:
https://www.treasurydirect.gov/savings-bonds/tax-information-ee-i-bo...
Edit:
Flags,
kids name
Purchased before 1989
Where not used for higher ed expenses.
Edited by r82230 12/14/2025 21:54
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Help with EE savings bonds
