Degree candidates can exclude scholarships and fellowship income if the amounts are not compensation for services or for the payment of room, board or travel expenses.
Origin: IRC § 117(a)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2019
FY2020
FY2021
FY2022
FY2023
Personal Income Tax
Exclusions from Gross Income
1.015
Exemption of Scholarships and Fellowships
Degree candidates can exclude scholarships and fellowship income if the amounts are not compensation for services or for the payment of room, board or travel expenses.
<a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000117----000-.html" target="_blank">IRC § 117(a)</a>
29.3
31.2
31.6
32.1
32.7
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