<p>You can cash EE bonds at your bank. The person the bond is made out to must be present and have identification. The bank will look up the current value of the bond. You can find the value here: [Individual</a> - Savings Bond Calculator](<a href=“Savings Bond Calculator — TreasuryDirect”>Savings Bond Calculator — TreasuryDirect) . They will figure out how much interest has been earned and give you a statement for your taxes. They will not collect any taxes at that time.</p>
<p>Here is some info on the Education Savings Bond Program: </p>
<p>“Qualified taxpayers may be able to exclude all or part of the interest earned from eligible EE and I Bonds issued after 1989 when paying qualified higher education expenses. Bonds must be issued in the name of a taxpayer age 24 or older at the time of issuance. Other restrictions and income limits apply. See more details on the education tax exclusion or IRS Form 8815 .”</p>
<p>Good luck!</p>