Can I income average to reduce tax bill? retired Dec 31, 2018 and took rmd for 2018 and 2019 in 2019. also, was paid lump sum for unused vacation. tax increased alot
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Can I income average to reduce tax bill? retired Dec 31, 2018 and took rmd for 2018 and 2019 in 2019. also, was paid lump sum for unused vacation. tax increased alot
if qualify for income averaging, how do i do this using turbo tax?
Can I income average to reduce tax bill? retired Dec 31, 2018 and took rmd for 2018 and 2019 in 2019. also, was paid lump sum for unused vacation. tax increased alot
Income averaging is not available on a tax return except for certain farmers and fishermen.
Can I income average to reduce tax bill? retired Dec 31, 2018 and took rmd for 2018 and 2019 in 2019. also, was paid lump sum for unused vacation. tax increased alot
Income averaging ended in 1986, with the only exceptions mentioned by @DoninGA .
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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