Jacob, who is single, paid educational expenses of $16,000 in 2018. He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000. Jacob has other adjusted gross income of $83,550. The $3,000 exclusion must be reduced by

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The Answer of Jacob, who is single, paid educational expenses of $16,000 in 2018. He redeemed Series EE bonds and received principal of $8,000 and interest of $3,000. Jacob has other adjusted gross income of $83,550. The $3,000 exclusion must be reduced by

Jacob, Who Is Single, Paid Educational Expenses of $16,000 in 2018