I bought Series EE bonds for my children's college education back in about 1990. At what age of the child may I cash them and pay school expenses with the interest growth on the bonds being tax free? Tom's response There is no age limitation for this deduction, but the person you are claiming the deduction for must be a dependent on your tax return. There's a lot of other fine print that comes with this deduction - click here for the details on the Savings Bond education deduction. And click here to visit the premier independent web site for owners of Treasury Savings Bonds.