Get the free Form 8815
Show details
This form is used to figure the amount of interest on series EE U.S. savings bonds that can be excluded from income for those who cashed bonds in 1997 and paid qualified higher education expenses.
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign form 8815
Edit your form 8815 form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your form 8815 form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit form 8815 online
Use the instructions below to start using our professional PDF editor:
1
Create an account. Begin by choosing Start Free Trial and, if you are a new user, establish a profile.
2
Prepare a file. Use the Add New button. Then upload your file to the system from your device, importing it from internal mail, the cloud, or by adding its URL.
3
Edit form 8815. Rearrange and rotate pages, insert new and alter existing texts, add new objects, and take advantage of other helpful tools. Click Done to apply changes and return to your Dashboard. Go to the Documents tab to access merging, splitting, locking, or unlocking functions.
4
Get your file. When you find your file in the docs list, click on its name and choose how you want to save it. To get the PDF, you can save it, send an email with it, or move it to the cloud.
Dealing with documents is always simple with pdfFiller.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out form 8815
How to fill out Form 8815
01
Obtain a copy of Form 8815, which is available from the IRS website or through tax software.
02
Fill out your personal information at the top of the form, including your name, address, and Social Security number.
03
Enter the taxable interest you received during the tax year in the appropriate section of the form.
04
Calculate the amount of your bond interest that is exempt from federal tax.
05
Follow the instructions to determine if you are eligible for the tax exemption based on your filing status and total modified adjusted gross income.
06
Complete the calculations specified in the form to figure out your allowable tax exemption.
07
Transfer the final amount to your tax return as specified in the instructions for Form 8815.
Who needs Form 8815?
01
Taxpayers who received interest from series I or series EE U.S. savings bonds.
02
Individuals whose modified adjusted gross income falls below a certain threshold and who wish to claim a tax exemption for the interest earned on these bonds.
03
Parents or guardians of dependents that may qualify for the tax exemption due to their interest earnings.
Fill
form
: Try Risk Free
People Also Ask about
How do I avoid paying taxes on series EE bonds?
If you cashed series EE or I U.S. savings bonds this year that were issued after 1989, you may be able to exclude from your income part or all of the interest on those bonds. Use Form 8815 to figure the amount of any interest you may exclude.
Will I get a 1099 from TreasuryDirect?
We put a 1099 into your TreasuryDirect account if: You cash a savings bond in TreasuryDirect. (We don't provide a 1099 if you only buy or hold a savings bond.) You hold a marketable security in TreasuryDirect and the security earns interest.
Do I need to report I bonds on my tax return?
Interest from your bonds goes on your federal income tax return on the same line with other interest income.
Do you have to pay taxes on i-bonds?
What tax advantages do Series EE and Series I savings bonds offer? You don't have to pay state or local income tax on them. You can choose not to pay federal income tax on them until you cash them or they mature, whichever is first.
Do I need to report interest income less than $10?
Reporting under $10: Even if you earned less than $10 in interest and didn't receive a 1099-INT, you're still required to report it. While the IRS might not pursue such small amounts aggressively, it's best to be thorough and avoid any potential issues.
What is the IRS form 8815 used for?
Use Form 8815 to figure the amount of any interest you may exclude. You may take the exclusion if all four of the following apply: To qualify for the exclusion, the bonds must be series EE U.S. savings bonds issued after 1989 in your name, or, if you are married, they may be issued in your name and your spouse's name.
What is the income limit for form 8815?
Limits. The exclusion is subject to income limitations: Your modified adjusted gross income (AGI) is less than $111,800 if single, head of household, or qualifying surviving spouse. Your modified adjusted gross income (AGI) is less than $175,200 if married filing jointly.
Do bonds get reported to IRS?
When you earn interest, the IRS expects you to report that income on your tax return. Whether or not that income is taxable depends on the type of bond you invest in. The interest you earn on corporate bonds is generally always taxable.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is Form 8815?
Form 8815 is a tax form used by individuals to claim the exclusion of interest from qualified U.S. savings bonds that is not subject to federal income tax.
Who is required to file Form 8815?
Individuals who have received interest income from qualified U.S. savings bonds and meet the income limitations for exclusion are required to file Form 8815.
How to fill out Form 8815?
To fill out Form 8815, taxpayers need to provide their name, Social Security number, and other relevant details regarding the income from qualified U.S. savings bonds and their eligibility for the exclusion.
What is the purpose of Form 8815?
The purpose of Form 8815 is to calculate the amount of interest from U.S. savings bonds that can be excluded from federal income tax, thereby reducing taxable income.
What information must be reported on Form 8815?
Form 8815 requires reporting of the total interest received from qualified U.S. savings bonds, the taxpayer's adjusted gross income, and the amount of interest eligible for exclusion.
Fill out your form 8815 online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Form 8815 is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
