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New Member
posted Feb 23, 2025 10:22:35 AM

Can I average some of my income over a few years?

I took withdrawals from my TDA and 403B and rolled over most of it. I also withdrew money to buy a car.

0 3 1400
3 Replies
Level 15
Feb 23, 2025 10:25:26 AM

Sorry no.  Income averaging ended many years ago.  

Level 15
Feb 23, 2025 10:26:22 AM

Income averaging was removed from the tax code except a very, very few specific circumstances.  This is not one of them.

Expert Alumni
Feb 23, 2025 10:27:21 AM

No. You can't average out your income over several years.

 

If you are unable to pay your taxes, you can apply for a payment plan with the IRS.