Optional Form To Record Redemption of
 Form     8818                Series EE and I U.S. Savings Bonds Issued After 1989
                                                                                                                 OMB   No. 1545-0074
(Rev. December 2007)                  (For Individuals With Qualified Higher Education Expenses)
Department of the Treasury                       Keep for your records. Do not send to the IRS.
Internal Revenue Service                                    See instructions on back.
  Name                                                                                                      Date cashed

  Part I          Paper Series EE Bonds
                   
  1                      (a)  Serial number                                    (b) Issue date               (c)  Face value
                                                                              (must be after 1989)
                                                                               
  2      Add the amounts in column (c) of line 1                                                        2  
  3      Multiply line 2 by 50% (.50). This is your cost of the paper series EE bonds cashed            3  
         Next:If you also cashed series I bonds or electronic series EE bonds, go to Part II.          
         Otherwise, skip Part II and go to Part III.
  Part II         Series I Bonds and Electronic Series EE Bonds
                   
  4                      (a)  Serial number                         (b)Issue date (must be after 1989)      (c)  Face value
                                                                         
  5      Add the amounts in column (c) of line 4. This is your cost of the series I bonds and
         electronic series EE bonds cashed                                                              5  
                                                
  Part III        Total Redemption Proceeds and Interest
                   
  6      Total redemption proceeds from the bonds listed in Parts I and II. Be sure to get this
         figure from the teller when you cash the bonds                                                 6  
  7      Add lines 3 and 5. This is your total cost of the bonds    listed in Parts I and II            7  
  8      Subtract line 7 from line 6. This is the total interest on the bonds listed in Parts I and II  8  
 For Paperwork Reduction Act Notice, see back of form.                                Cat. No. 10097L       Form 8818  (Rev. 12-2007)

 Form 8818 (Rev. 12-2007)                                                                                      Page 2  

General Instructions                                       Specific Instructions
 Purpose of Form                                            Note. Before you cash your series EE bonds, separate
 If you cashed series EE or series I U.S. savings bonds    the bonds issued after 1989 from the bonds issued
that were issued after 1989 and you paid qualified         before 1990.
higher education expenses during the year, you may          
                                                           Line 1
be able to exclude from income part or all the interest
on those bonds.                                             For each paper series EE bond issued after 1989, enter
 Use Form 8818 to keep a record of the post-1989           the correct information for columns (a), (b), and (c) of
series EE and I bonds you cash. You will need the          line 1.
information on this form to complete Form 8815,             
Exclusion of Interest From Series EE and I U.S.            Line 4
Savings Bonds Issued After 1989. Form 8815 is used          For each series I bond and electronic series EE bond
to figure the amount of interest you can exclude from      issued after 1989, enter the correct information for
your income when you file your income tax return. The      columns (a), (b), and (c) of line 4. Include post-1989
instructions for your tax return will tell you how to take series EE bonds converted from paper to electronic
the exclusion.                                             bonds. Do not include them in Part I.
 Use a separate Form 8818 each time you cash                
series EE or series I bonds issued after 1989. If you      Line 8
choose not to use Form 8818 but intend to exclude           You may be able to exclude this interest from your
the interest from your income, you should keep records     income. See Form 8815 for details.
that include the information asked for on this form.       Note.  Keep Form 8818 for your records. Do not send it
 
Bonds That Qualify for Exclusion                           to the IRS.
                                                            
To qualify for the exclusion, the bonds must have been
issued after 1989 in your name, or, if you are married,    Paperwork Reduction Act Notice. Use of this form is
they may be issued in your name and your spouse’s          optional. It is provided to help you figure your tax
name. It does not matter who bought the bonds. Also,       liability.
you must have been age 24 or older before the bonds         You are not required to provide the information
were issued. A bond bought by a parent and issued in       requested on a form that is subject to the Paperwork
the name of his or her child who is under age 24 will      Reduction Act unless the form displays a valid OMB
not qualify for the exclusion by the parent or the child.  control number. Books or records relating to a form or
Generally, the interest on the bond will be taxed at the   its instructions must be retained as long as their
child’s rate once the child reaches age 18. Prior to       contents may become material in the administration of
reaching age 18, the interest may be taxed at the          any Internal Revenue law. Generally, tax returns and
parent’s or the child’s rate depending on the total        return information are confidential, as required by
amount of the child’s investment income (for example,      Internal Revenue Code section 6103.
interest and dividends).
                                                            The average time and expenses required to
 Note.Interest on U.S. savings bonds is exempt from        complete and file this form will vary depending on
state and local income taxes.                              individual circumstances. For the estimated averages,
                                                           see the instructions for your income tax return.
Qualified Higher Education Expenses
                                                            If you have suggestions for making this form simpler,
 
Qualified higher education expenses include tuition        we would be happy to hear from you. See the
and fees, but not room and board, required for the         instructions for your income tax return.
enrollment or attendance at a college, university, or       
vocational school. Qualified expenses also include
contributions to a qualified tuition program or to a
Coverdell education savings account. The expenses
must be for you, your spouse, or your dependent.
 
Additional Information
 For more details about the exclusion, including limits
that apply to the amount you may exclude, see
Pub. 550, Investment Income and Expenses, or
Pub. 970, Tax Benefits for Education.