What are the modified gross income parameters for cashing Series EE bonds for qualified educational expenses in 2004 and 2005? Tom's response I can't find any information on the IRS web site to confirm this, but it appears the lower limit is indexed for inflation and the upper limit is raised the same amount as the lower limit. Here's what the married-filing-jointly limits look like for the last few years:
I assume the inflation rates don't exactly match because they're using something like the April to March inflation rate rather than the Jan-Dec rate.
This would also explain why the 2004 and 2005 limits aren't published anywhere - the IRS can't calculate the actual limits for 2004 and 2005 until it knows the inflation rate.
Click here to visit the premier independent web site for US Savings Bonds owners.