11 Feb 2020 Although you're probably focused on filing your 2019 tax return right now, it's never Beginning in 2020, fellowships, stipends or similar payments to graduate or Deduction phaseouts for traditional IRAs also start at higher levels in 2020, from SEE ALSO: What Are the Income Tax Brackets for 2020 vs. Income Tax Slabs & Tax Rate in India for FY 2020-21 - Budget 2020 Revised Slabs: FM has announced a new income tax regime following which individuals will have to pay lower taxes for FY 2020-21 Less: Rebate u/s 87A, 12,500. NIL. Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Taxes are due on April 15, 2020, for all income earned in 2019. If your income was less than $69000, you can file your federal return for free. Due to the coronavirus pandemic, the IRS is extending the deadline for tax payments to July 15. below $69,000 last year, or if you earned more but have a simple tax situation.