The 2020 tax rates that affect your tax filing for 2021, came out on Wednesday 6th Nov 2019 !Find the copy of IRS release on the 2020 tax rates and income brackets. While the seven slabs of tax rates remain unchanged, the income limits have been changed. You can consult 2019 tax brackets for filing in 2020.
Is scholarship taxable ?
The question whether scholarship or fellowship taxable under US Code 26 is quite common among student community. Before we find out the answer to this question, an important distinction between -fellowship & scholarship -must be made clear.Fellowship grants can be issued to non-students, whereas scholarships only go to students. Definition of scholarship & fellowship for …