Income averaging

Schedule G has been gone for more years than the age of some of my children ;-)

You and I are old enough to not sweat Form 1095-C, but many here are about to take gas >:-} ...Jim Thompson

-- | James E.Thompson | mens | | Analog Innovations | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | San Tan Valley, AZ 85142 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at

| 1962 | The touchstone of liberalism is intolerance

Hasn't that been gone for decades?

--

Rick

It died in 2002: unless you a fisherman or farmer.

-- Jeff Liebermann snipped-for-privacy@cruzio.com

150 Felker St #D Santa Cruz CA 95060 Skype: JeffLiebermann AE6KS 831-336-2558

It went away with the 1040 form. You make 50, keep 10, and pay 40 tax.

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I think it's more cost/loss concentration, now. You pile those into the income spikes, where possible. In practice, this is simply plowing it back into the business.

With three to six month development schedules, it can be a bitch.

RL

Doesn't matter as much these days, at least after you hit the FICA ceiling. If you don't hit it some years, averaging would hurt rather than help.

Cheers

Phil Hobbs

--
Dr Philip C D Hobbs 
Principal Consultant 
ElectroOptical Innovations LLC 
Optics, Electro-optics, Photonics, Analog Electronics 

160 North State Road #203 
Briarcliff Manor NY 10510 

hobbs at electrooptical dot net 
http://electrooptical.net

Soon there will be no FICA ceiling :-( ...Jim Thompson

--
| James E.Thompson                                 |    mens     | 
| Analog Innovations                               |     et      | 
| Analog/Mixed-Signal ASIC's and Discrete Systems  |    manus    | 
| San Tan Valley, AZ 85142   Skype: Contacts Only  |             | 
| Voice:(480)460-2350  Fax: Available upon request |  Brass Rat  | 
| E-mail Icon at http://www.analog-innovations.com |    1962     | 
              
           The touchstone of liberalism is intolerance

Depends on the degree of fluctuations. If you make $300k the next, income averaging would help a lot. Damn the FICA.

--

Rick