A bill to amend the Internal Revenue Code of 1954 to permit a taxpayer to deduct, or to claim a credit for, amounts paid as tuition to provide education for himself, for his spouse, or for his dependents.
Tuition Tax Relief Act - Amends the Internal Revenue Code to allow individuals to elect either a tax credit (up to $250) or a tax deduction (up to $1,000) for educational expenses incurred for themselves, their spouses and each dependent for whom they are entitled to a personal exemption.
Introduced in Senate
Referred to Senate Committee on Finance.
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