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Path: utzoo!watmath!clyde!floyd!vax135!cornell!wally
From: wally@cornell.UUCP (Wally Dietrich)
Newsgroups: net.taxes
Subject: Re: Taxes on salaries received while on TA or RA
Message-ID: <7306@cornell.UUCP>
Date: Wed, 4-Apr-84 16:35:27 EST
Article-I.D.: cornell.7306
Posted: Wed Apr  4 16:35:27 1984
Date-Received: Thu, 5-Apr-84 02:04:21 EST
References: <597@u1100a.UUCP>, <29700003@hpfcla.UUCP>
Organization: Cornell Univ. CS Dept.
Lines: 20

[]

> > If you take a tax exemption this year, you might not be able to income
> > average for the next four years, which can hurt you much more than paying
> > taxes now.
>
> I don't get it.  If I take the exemption now, how does that prevent
> me from income averaging?  If it reduces my current taxable income, it
> should make it EASIER to average in the future, no?
>
> Alan Silverstein

In order to income average you have to provide 50% of your own support for
the previous four years.  That's what makes it hard to income average.
Support includes food, housing, and all the things you would expect, plus
tuition if you are a student.  You can't count scholarships and fellowships
as support provided by yourself and I believe the IRS puts tax-exempt TA and
RA money in the same category.

                                Wally Dietrich