BibliographyAmerican National Biography; Scribner Encyclopedia of American Lives; Lodge, Henry C., Jr., The Storm Has Many Eyes, A Personal Narrative. New York: Norton, 1973; Miller, William J., Henry Cabot Lodge: A Biography. New York: Heinman, 1967.
A student can carry forward to a future year, the portion of tuition or education amount that he cannot use and does not transfer to someone else. However, if a student carries forward an amount, he will not be able to transfer it to anyone.
The Tuition and Fees Deduction allows taxpayers to deduct up to $4,000 in tuition expenses as an above-the-line exclusion from income. This tax benefit is also known as the Limited Deduction for Tuition Expenses or as the Torricelli Deduction.he Tuition and Fees Deduction allows taxpayers to deduct up to $4,000 in tuition expenses as an above-the-line exclusion from income. This tax benefit is also known as the Limited Deduction for Tuition Expenses or as the Torricelli Deduction.