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No, income averaging is not available for most all occupations except certain farmers and fisherman. Any taxes owed are due and payable by mid-April of each tax year.
No, income averaging is not available for most all occupations except certain farmers and fisherman. Any taxes owed are due and payable by mid-April of each tax year.
what form do i use to average my income over three years
@lejlkj There is no such form because income averaging has gone the way of the dinosaurs.
For the general taxpayer, income averaging is not an option.
If you are a qualified farmer or fisherman, take a look at the following TurboTax article for more details.
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