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.
The Tuition and Fees Deduction. Both college tuition and fees are deductible on your 2016 tax return. But the tuition and fees deduction was one of the tax breaks that expired at the end of 2016. That means you wonât be able to claim it in the future (unless Congress decides to extend it retroactively or reintroduce it).