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 students paid qualified tuition, or if someone paid on the student's behalf, the student (or if the student is a dependent, the taxpayer) may be able to claim an education credit on their tax return. Students cannot claim an education credit for any amount that was not paid as a qualified tuition or expense. Just being billed does not qualify the student for the credit. You may be able to deduct qualified tuition and related expenses that you pay for yourself, your spouse, or a dependent whom you claim as an exemption, as a tuition and fees deduction. The student must be enrolled in one or more courses at an eligible institution and have a high school diploma or GED.