Someone â the subject, or the artist, or some organization â wants a portrayal of a certain person (or group of people). Even a street portrait of a stranger can fit, based on the photographer's intention. By the very existence of the term group portrait, clearly such a thing exists. One can also say individual portrait, but generally the implication of the term alone is that a single person is portrayed.
For years after 2006, the lowest federal tax rate percentage is 15%. Thus, for example, if an amount of $2,000 has been paid for eligible tuition fees for 2014, the student is entitled to a tuition tax credit of $300 for the 2014 tax year ($2,000 x 15%).
The maximum tuition and fees deduction in 2014 is $4,000, $2,000, or $0, depending on the amount of your MAGI. See Effect of the Amount of Your Income on the Amount of Your Deduction, later.or purposes of the tuition and fees deduction, you are not treated as paying any expenses actually paid by a dependent for whom you or anyone other than the dependent can claim an exemption. This rule applies even if you do not claim an exemption for your dependent on your tax return.