Tag Archives: Income Averaging

10-Year Averaging

Today TaxMama hears from Ramesh, who has a long memory: “There used to be income averaging, that I know was discontinued. But I remember seeing something about a 10-year averaging that was grandfathered for seniors. I now qualify; but all I can find is something for farmers. Can you please find it for me?”

Income Averaging

Today TaxMama hears from Stephen in Las Vegas, who’s been around , “My daughter worked part time in 2005 and made only $4000. This year, she made $13,000. Years ago, I remember being in the same situation myself, where I had a large increase in income from one year to the next. I remember I […]