From: utzoo!decvax!harpo!npoiv!npois!houxm!houxa!houxi!houxz!ihnp4!stolaf!umn-cs!smith Newsgroups: net.taxes Title: Re: Income Averaging - (nf) Article-I.D.: umn-cs.203 Posted: Sat Mar 5 23:54:52 1983 Received: Tue Mar 22 07:43:45 1983 #R:uiucdcs:13200006:umn-cs:10500005:000:633 umn-cs!smith Mar 5 12:51:00 1983 To income average, you must have supported yourself for the past 4 years in addition to meeting the increasing income requirement. "Supporting yourself" means paying more that 50% of your own expenses, NOT including money from your parents OR from tax exempt fellowships. I remember seeing a book, perhaps "Tax Guide for Engineers", that gave an example in which someone ultimately saved more money by paying taxes on assistantship income and then income averaging after leaving school. I don't remember what the criteria are; if you're expecting to enter industry rather than teach, you might fall in this category. Rick.