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 and fees deduction. Finally, the tuition and fees deduction can reduce your taxable income by a maximum amount of $4,000 based on spending for qualified education expenses.The deduction can be taken for expenses paid in the year for which taxes are filed.uition and fees deduction. Finally, the tuition and fees deduction can reduce your taxable income by a maximum amount of $4,000 based on spending for qualified education expenses.