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 any part of the total scholarships/grants received is taxable (exceeding tuition, fees, and related expenses), it is to be treated as earned income by the recipient. The grantor is not required to withhold taxes, or issue a Form 1099 for U.S. Citizens or permanent residents. Vassar College will issue IRS Form 1098T to these students, showing qualified tuition and fee charges for the tax year and scholarships administered or processed by the college.