I am confused. It looks as though I can cash a savings bond in my name for education of my dependent college student as long as I meet certain income levels and am not taking any type of tuition tax credit.
What if I also use her 529 plan that year to pay tuition?
However, all our bonds are in my kid’s name. Is that ok? Is it the same as if it were in my name?
What if my kid files her own taxes for summer job income but I have her as a dependent on my taxes?
On CSS I would assume this would either go as income for me or her or untaxed income if there is no tax on the interest.