A bill to amend the Internal Revenue Code of 1954 to provide that an individual may deduct amounts paid for his higher education, or for the higher education of any of his dependents.

Amends the Internal Revenue Code to allow a tax deduction for amounts paid during the taxable year for the education of the taxpayer or any dependent at an institution of higher education.

Limits such deduction to $1,000 with respect to the education of any individual.