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California Education Savings Bond Interest Exclusion

California Education Savings Bond Interest Exclusion 2026

California education bond exclusion planning should confirm the bond type, owner age at issue, qualified education expenses, filing status, MAGI phaseout, and Form 8815 calculation. Then check CA tax treatment instead of assuming the state follows the federal exclusion automatically.

Primary taxpayer

California resident or filer evaluating education savings bond interest exclusion

Federal check

Review the IRS deduction or income reporting rule first

State check

California return treatment and 13.3% top state rate

Canonical route

/deduction/education-bond-exclusion/california/

What matters for 2026

  • Use this exact state page when the search intent names both the deduction topic and the state.
  • Separate the federal deduction, state return treatment, and local filing records before estimating savings.
  • Verify the current-year IRS and state source links before taking a filing position.

Next step

Use the main deduction guide for calculator inputs, eligibility checks, related forms, and broader federal rules.

Open the full guide

Planning workflow

  1. 1Confirm whether the federal itemized, above-the-line, credit, exclusion, or income-reporting rule applies.
  2. 2Review California filing instructions separately instead of assuming the federal result carries over.
  3. 3Keep source documents, worksheets, receipts, and return workpapers together for audit support.
  4. 4Use the linked LevyIO guide for broader calculator inputs, then return to this page for the state-specific checklist.

Records to keep

  • Federal form or worksheet tied to the deduction topic
  • California return instructions, schedules, or state workpapers
  • Receipts, statements, confirmations, or logs supporting the amount
  • A short note showing how federal and state calculations differ

Primary sources

IRS Publication 970Explains education tax benefits, including the education savings bond interest exclusion.IRS Form 8815Used to figure the exclusion of interest from eligible Series EE and I U.S. savings bonds.California Franchise Tax Board individual tax formsOfficial California tax forms and instructions for checking state return treatment.