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.
If you choose, you can claim an education tax deduction instead of a college tuition tax credit. 1  worth up to $4,000 off your income. 2  for single filers with income below $80,000 and joint filers with incomes below $160,000.3  for the parents of a dependent student or for the student if not claimed as a dependent.f you choose, you can claim an education tax deduction instead of a college tuition tax credit. 1  worth up to $4,000 off your income. 2  for single filers with income below $80,000 and joint filers with incomes below $160,000.