A bill to amend the Internal Revenue Code of 1954 to allow a deduction for certain amounts paid by a taxpayer for tuition fees in providing certain education for himself, his spouse, and his dependents.

Allows as a deduction under the Internal Revenue Code the amounts paid by the taxpayer as tuition and fees at an eligible educational institution for the taxpayer, his spouse, or a dependent. Limits such deduction to not more than $2,000 for each individual.

Prohibits such deduction unless the individual claimed has been a full time student above the secondary level during each of four calendar months. Prohibits such deduction with respect to a spouse unless such spouse is claimed as an exemption, or unless a joint return is filed. Prohibits such deduction with respect to personal or living expenses.

Reduces such deduction by the amount by which the adjusted gross income of the taxpayer exceeds $23,500. Reduces the amount of educational expenses qualifying for the deduction by the amounts received as scholarship or veterans' benefits.