Can I buy education savings bonds in my child s or grandchild s name and redeem the bonds tax-free for their college tuition?
It depends on the child s, or grandchild s, age. Because the bond is in your child s or grandchild s name, he or she is the owner and must have been at least 24 years old when you bought the bond, or the interest will not be tax-free. A: You may open an account by contacting any broker or financial professional authorized to sell the American Funds and CollegeAmerica®.
