Page 65 - Interest Income - Individuals Handbook

Education Savings Bond Program

Modified adjusted gross income limit (2/2)

 Modified AGI, for purposes of this exclusion, is adjusted gross income
(Form 1040 or 1040-SR, line 11) figured before the interest exclusion,
and modified by adding back any

1. Foreign earned income exclusion,
2. Foreign housing exclusion and deduction,

3. Exclusion of income for bona fide residents of American Samoa,
4. Exclusion for income from Puerto Rico,
5. Exclusion for adoption benefits received under an employer's
C adoption assistance program,

6. Deduction for student loan interest, and 7. Deduction for tuition and

fees.
 Use the Line 9 Worksheet in the Form 8815 instructions to figure your
modified AGI. If you have investment interest expense incurred to earn

royalties and other investment income, see Education Savings Bond
Program in chapter 1 of Pub. 550.

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