A bill to amend the Internal Revenue Code of 1954 to allow a deduction for income tax purposes of certain expenses incurred by the taxpayer for the education of a dependent.

[AI summary unavailable — showing source text] Allows an income tax deduction to an individual under the Internal Revenue Code for the education of a dependent attending any primary or secondary educational institution for the costs of tuition and fees, books, supplies and equipment, transportation, and food and lodging. Provides that in the event such institution does not supply such services then the deduction for food and lodging shall not exceed $400 for each calendar nor more than $200 for each school semester during which the dependent is in actual attendance.…