Solved: Is there still such return as income averaging? I'm not a fisherman and/or farmer.

Is there still such return as income averaging? I'm not a fisherman and/or farmer.

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The Internal Revenue Service has not allowed income averaging since 1987. The four year general income averaging expired in 1986. As you have mentioned, the exception is for farmers and fisherman.

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The Internal Revenue Service has not allowed income averaging since 1987. The four year general income averaging expired in 1986. As you have mentioned, the exception is for farmers and fisherman.