Education excluded ibond interest & ACA PTC

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jmk
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Joined: Tue Nov 01, 2011 7:48 pm

Education excluded ibond interest & ACA PTC

Post by jmk » Fri Feb 14, 2020 12:39 pm

In seven years I plan on using ibonds to pay my daughter's tuition. Interest used for this purpose is excluded from AGI since it is used for educational expenses. I will also be on ACA.

Does this excluded interest count as "tax-exempt interest" that gets included as part of the MAGI used to figure ACA tax credits?

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