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.
Similarly, the cost of books, supplies and computer equipment cannot be deducted as part of the tuition and fees deduction. Schools report the number of qualifying expenses to you and to the IRS using Form 1098-T for both the deduction and the education-related tax credits. The maximum amount you could claim for the tuition and fees deduction was $4,000 per year. The deduction was further limited by the following income ranges based on modified adjusted gross incomes: $4,000 maximum for income up to $65,000 ($130,000 for joint filers)