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January 31, 2025
Question

“Special Averaging You may qualify to use the 10-year averaging method to calculate any tax due on this income” then doesn’t let me stating in plan >5yrs. I was in 9yrs.

  • January 31, 2025
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I believe I qualify for the special averaging method for tax due on retirement income. Withdrew early d/t separation of employment after right at 10 years of paying into plan. The system is telling me I do not qualify as I wasn’t born prior to a certain year or didn’t pay into plan at least 5 years.