Page 60 - Interest Income - Individuals Handbook

Education Savings Bond Program

Verification by IRS Qualified Expenses

 If you claim the exclusion, the IRS will check it by using  Qualified higher education expenses are
bond redemption information from the Department tuition and fees required for you, your
of the Treasury. spouse, or your dependent (for whom you
claim an exemption) to attend an eligible
educational institution.
 Qualified expenses include any contribution
you make to a qualified tuition program or
to a Coverdell education savings account

(ESA).
 Qualified expenses don't include expenses
for room and board or for courses involving
sports, games, or hobbies that aren't part of
a degree- or certificate-granting program.
58