I had to close out not qualified accounts to pay off my husbands estate. this put me into another tax bracket but its a one time payment. can i average it or something else to lower my income.
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1 Replies
MinhT1
Expert Alumni
Feb 3, 2025 2:37:21 PM
No.
The tax laws do not allow you to average out your income even in case of a one-time large income item in a tax year.