2003 Tax Help Archives  
  Home > Tax Help Archives > 2003 > Tax Topics & FAQs > FAQ Keyword 107

Keyword: Income Averaging

This is archived information that pertains only to the 2003 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.


1.1 IRS Procedures: General Procedural Questions


I had a large amount of income this year compared to last year. Can I average the two years together?

Income averaging for individuals not engaged in a farming business is no longer available. It was repealed by the Tax Reform Act of 1986.

Tax Topics & FAQs | 2003 Tax Year Archives | Tax Help Archives | Home