To amend the Internal Revenue Code of 1986 to allow married individuals who are legally separated and living apart to exclude from gross income the income from United States savings bonds used to pay higher education tuition and fees.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit certain married individuals who are legally separated and living apart and who file separate tax returns to exclude from gross income the income from U.S. savings bonds used for higher education tuition and fees.…