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Taxpayer Help and Education


Frequently Asked Tax Questions And Answers


Keyword:   Income Averaging

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[ Click for Graphics Version ] <http://www.irs.gov/prod/tax_edu/faq/faq-kw101.html>


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 It was repealed by the Tax Reform Act of 1986. 
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Tuesday, 19-Dec-2000 17:52:11 EST