Question & Answer: Discuss one source of income that is not taxed. Do you think this is fair, why or…..

Discuss one source of income that is not taxed. Do you think this is fair, why or why not? Find an article or IRS Tax Code sectionas the basis of your discussion.

Expert Answer

 

One source of income that is not taxable as per IRS is scholarship or fellowship grant. This is fair because if you are a candidate for a degree, you can exclude amount that you receive as scholarship. The article number is topic 421.

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