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.

posted

Connect with an expert

3 Replies

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

Sorry no. Income averaging ended many years ago.

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

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

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post