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mrklaig1
New Member

Can I average one large yearly income

I am retired. Last year I had an unusually large income item. This year and previous years it was much less. Can I average income in any way? Thought you could years past.
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Accepted Solutions
DoninGA
Level 15

Can I average one large yearly income

Income averaging of income for taxpayers, other than certain farmers and fisherman, was removed from the tax code decades ago.

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1 Reply
DoninGA
Level 15

Can I average one large yearly income

Income averaging of income for taxpayers, other than certain farmers and fisherman, was removed from the tax code decades ago.

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