income averaging financial definition of income averaging. income averaging finance term by the Free Online Dictionary.

Income Averaging

A former method of spreading out one's tax liability by averaging one's income over 10 years. Income averaging was particularly beneficial to farmers and ranchers, as well as members of other professions with significant variations in annual income. Income averaging was eliminated in President Reagan's Tax Reform Act of 1986.

income averaging

A technique for calculating personal income taxes in which an individual with large variations in annual taxable income is allowed to average income over a specified period. Income averaging was eliminated by 1986 tax reform.

income averaging

A tax tool formerly given to all taxpayers and now available for just a few classes,such as farmers and fishermen.It allows taxpayers to average their income over 3 years and pay taxes on the average income,rather than no taxes one year and then high taxes at a high bracket in the next year,for example.(Calculated on Schedule J of IRS Form 1040.)

Income Averaging

A method by which farmers may sometimes reduce tax liability by computing their income tax as if their current farm income had been spread evenly over the preceding three years. The term also is sometimes used when referring to the 10-year averaging method, which is used for computing the tax on a lump-sum distribution from a qualified employer plan. See "10-Year Averaging."

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Deficit Reduction Act of 1984 Establecimiento de promedio de ingresos Promedio de ingresos Tax Reform Act of 1984	Macmillan research has found that among those aged 55 or under, seven out of 10 households suffer a loss in income averaging 50 per cent following a cancer diagnosis. ViewpointsWales is leading the way withthese changes by South Wales Echo (Cardiff, Wales) Macmillan research has found that among those aged 55 or under, seven out of 10 households suffer a loss in income averaging 50% following a cancer diagnosis. Letter: VIEWPOINT - Wales leads the way on charges by Daily Post (Liverpool, England) Looked at from a vertical equity perspective, however, I note that income averaging targeted toward lower income earners can be a helpful way to provide relief to workers who have uneven earnings patterns. The case against income averaging by Buchanan, Neil H. / Virginia Tax Review	In-Substance Defeasance In-the-Money In-the-Money Option Inactive Account Inactive Asset Inactive Bond Crowd inactive license Inactive Post Inactive Security Inactive Stock/Bond Inactivity Fee Inadempimento del contratto Inadimplente Inc. Incentive Fee Incentive Stock Option Incestuous Share Dealing inchoate Incident de paiement Incipient Default inclusionary zoning income income and expense report Income Annuity income approach income averaging Income Baskets Income beneficiary Income Bond income capitalization approach Income Deposit Security Income Dividend Income Elasticity of Demand Income Exclusion Rule Income Fund Income Immunization Strategies Income in respect of a decedent Income Investment Company Income Limited Partnership income limits income per share income property Income Risk Income Share Income Shares income statement Income Stock income stream income tax income-bond fund Income-Equity Fund	incombustible incombustible Incombustible cloth incombustibly incombustibly income income income income income income Income & Corporation Tax Act 1988 Income & Expense Income After Tax Income Amount Income Amount Income Amount Income Amount Income Amount Income Amounts Income Amounts Income Amounts Income Amounts Income Amounts income and expenditure account Income and Expenditure Accounts Division income and expense report Income Annuities Income annuity Income approach income averaging Income Based Job Seekers Allowance Income Based Repayment Income Basket Income baskets Income before Depreciation and Amortization Income before Extraordinary Items Income Before Fixed Charges Income Before Interest and Taxes Income Before Taxes Income beneficiary income bond income bond Income Bonds Income Bonds income bracket income capitalization approach Income Contingent Loan Income Contingent Repayment Income Contingent Repayment Plan Income Damages Calculator Income Deposit Securities Income Deposit Security Income Deposit Security Income Deposit Security Income Deprivation Affecting Children Index Income Deprivation Affecting Older People Income Deprivation Affecting Older People Index Income Differential

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Deficit Reduction Act of 1984
Establecimiento de promedio de ingresos
Promedio de ingresos
Tax Reform Act of 1984

Macmillan research has found that among those aged 55 or under, seven out of 10 households suffer a loss in income averaging 50 per cent following a cancer diagnosis.

ViewpointsWales is leading the way withthese changes by South Wales Echo (Cardiff, Wales)

Macmillan research has found that among those aged 55 or under, seven out of 10 households suffer a loss in income averaging 50% following a cancer diagnosis.

Letter: VIEWPOINT - Wales leads the way on charges by Daily Post (Liverpool, England)

Looked at from a vertical equity perspective, however, I note that income averaging targeted toward lower income earners can be a helpful way to provide relief to workers who have uneven earnings patterns.

The case against income averaging by Buchanan, Neil H. / Virginia Tax Review

In-Substance Defeasance