IQ is a comparison of your test results to the results of people your own age. The average IQ is 100. If you gave 1,000 people a really hard test, your results would look like this: The higher the graph goes, the more people who have achieved that score.
Federal Student Loan Interest Deduction. A deduction is allowed for interest paid by the taxpayer, up to an annual maximum of $2,500, for a qualified education loan for both undergraduate and graduate education, subject to taxpayer income limitations. Any federal tax law changes to this deduction will not be automatically adopted.
Tuition deduction. If your income is too high to qualify for the American Opportunity or Lifetime learning credit, you can deduct up to $4,000 of college tuition expenses paid for you, your spouse or a dependent. The deduction is available even if you do not itemize.