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.
Once the tax liability is reduced to zero, any remaining credit will not be added to the refund. Tuition/Fees Deduction-The Tuition and fees deduction allows taxpayers to deduct a maximum of $4,000 for qualified students enrolled at an eligible educational institution.Taxpayers can only claim a deduction for the amounts they paid for the educational expenses.nce the tax liability is reduced to zero, any remaining credit will not be added to the refund. Tuition/Fees Deduction-The Tuition and fees deduction allows taxpayers to deduct a maximum of $4,000 for qualified students enrolled at an eligible educational institution.