A bill to amend the Internal Revenue Code of 1954 to allow taxpayers a deduction for certain postsecondary tuition expenses.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a taxpayer a deduction from gross income for certain postsecondary tuition expenses paid for any of the taxpayer's dependents. Limits such deduction to $1,000 for each dependent. Restricts such deduction to expenses paid for tuition and fees for the enrollment or attendance of a full-time student at an institution of higher education or a postsecondary vocational school. Excludes from the determination of the deductible amount any amounts paid for books, supplies, equipment, lodging, or personal needs. Provides special rules for the treatment of certain scholarships and veteran's benefits.…