A bill to amend the Internal Revenue Code of 1954 to permit a taxpayer to deduct certain expenses paid by him in connection with his education or the education of his spouse or any of his dependents at an institution of higher education.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a tax deduction in an amount not to exceed $1,250 for amounts paid by the taxpayer to an eligible educational institution for tuition for the attendance of the taxpayer or any eligible dependent.…