Education for Life Act of 1999

Education for Life Act of 1999 - Amends the Internal Revenue Code to expand permitted withdrawals from education individual retirement accounts to include: (1) qualified elementary and secondary education expenses (including home schooling expenses); and (2) qualified job training expenses. Increases from: (1) $500 to $2,500 the maximum amount which may annually be contributed to such an account; and (2) 18 to 55 the age until which contributions may be made to a beneficiary's account. Permits a deduction (for both itemizers and nonitemizers) for such contributions.