A bill to amend the Internal Revenue Code of 1954 to allow a taxpayer a deduction from gross income for expenses paid by him for the education of any of his dependents at an institution of higher learning.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a taxpayer an income tax deduction for expenses paid for the higher education of a dependent. Limits the amount of such deduction to $1,500 for each dependent.…