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Andrew Schwartz CPA
Feb 14, 2010 - 5:26PM
Re: "Income Sharing" Is there a such a thing?

I thihk you are referring to a tax concept know as "Income Averaging", which was eliminated as part of the Tax Reform Act of 1986.

I remember learning about Income Averaging at my tax class at Penn, but since I graduated in 1987, I never actually saw it used in practice.

Zip Code: 01801

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Leah
Feb 14, 2010 - 8:25PM
Re: "Income Sharing" Is there a such a thing?

Thanks for your help! I am a married mother of 2. I graduated almost two yrs ago from nursing school. I made great money last year working my ass off, only to find out that now I have to work harder and have more taxes with held along with now having a monthly payment for taxes owed last year. Just doesn't seem rewarding to try and go any farther in life in this country anyways. Again Thanks for the info....Have a good one!!!

Zip Code: 85206

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