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No. Income averaging was removed from the Tax Code in 1986, except for farmers.

Q: You took 10000 from an IRA Can you use income averaging?
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No. Income averaging was removed from the Tax Code in 1986, except for farmers.

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1986

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Harold William Jasper has written:

'Averaging of income for federal personal income tax purposes' -- subject(s): Income tax, Income averaging

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Income averaging is available for certain farm income. It is no longer available for any wage earners or small businesses. repealed in the tax act of 1986.

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Except for special situations, like Farm income, income averaging isn't available anymore. The most you can do is try to manage the year the income is considered earned in.

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