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Income Averaging Can Cut Tax Bill, CPA Says
The Texas Society of CPAs president explains how income averaging under the 1969 Tax Reform Act can lower current tax bills by spreading income over prior years. He cites Schedule 6 usage, eligibility, and examples showing sizable potential savings and notes certain incomes are excluded. Wedding rings section discusses ancient practices as symbolic fetters per National Geographic.
MENTIONED IN THIS ARTICLE
Gladewater Mirror
CPA
Uncle Sam
Miller Montag
Texas Society of Cpas
Montag
Adams
Internal Revenue Service
IRS
National Geographic Society