A bill to amend the Internal Revenue Code of 1986 to allow the use of United States savings bonds for any individual's higher education expenses to qualify for an income exclusion.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income any income from U.S. savings bonds used to pay tuition and fees of any individual at an institution of higher learning or vocational school. (Current law limits the exclusion to educational expenses of the taxpayer, spouse, or dependent.)…