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.
Educational Expenses Deduction. The IRS allows you to take an educational expense deduction for âtuition and feesâ that you pay to a qualifying educational institution. While books and a computer may be required for college classes, theyâre usually not included in fees you pay directly to the school.If you paid a fee to the school that included use of a computer for the semester, that fee would be deductible.xceptions. You canât deduct tuition, fees, books or a computer if you buy them with money from a scholarship or grant or if your employer reimburses you for the cost.