A bill to amend the Internal Revenue Code of 1954 to allow a deduction for income tax purposes of certain expenses incurred by the taxpayer for the education of a dependent.

Allows a deduction for income tax purposes of expenses (including tuition, fees, books, supplies, equipment, transportation, food, and lodging) incurred by the taxpayer for the education of a dependent. Provides that the deduction for food and lodging shall be limited to $200 per semester or $400 per calendar year.