Use IRS Form 8815 to figure out how much your deduction is.
- If you use Form 1040, enter the exclusion on line 3 of Schedule B.
- If you use Form 1040A, enter the exclusion on line 2 of Schedule 1.
Attach the Form 8815 to your return. Click here for a link to this form, as well as lots of other information about the savings bond education deduction.