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 training, or the education or training of his spouse or any of his dependents, at an institution of higher education or a trade or vocational school.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an income tax deduction for the amount paid to meet the educational expenses at a higher education institution or a trade or vocational school for the taxpayer, for whom the taxpayer is entitled to a personal exemption. Limits the deduction of transportation expenses to $200.…