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.
Who can claim a tax credit for education expenses. Which tuition and fees are deductible (based on filing status) Whether or not student loan interest is deductible (based on Modified Adjusted Gross Income limits) Definition of a qualified student loan. Definition of qualified education expenses (tuition and fees, room and board, books, supplies, equipment, other expenses such as transportation) Determining how much room and board qualifies. Determining whether work-related education can be claimed as a business deduction.