INCOME AVERAGING

a method of calculating tax liability to minimize adverse consequences to a taxpayer with substantial fluctuations in income (from year-to-year). It allows a taxpayer to calculate his/her tax as if the higher amount of income had been earned equally over that year and the previous four years.

Congratulations! You're now Froogled Up™ on what "Income Averaging" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com