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.

Permits, under the Internal Revenue Code, a taxpayer to deduct 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. Specifies that such expenses shall include tuition, fees, charges for textbooks, and transportation expenses up to $200.