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English to Spanish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:5 Year Averaging
Five-year Averaging. If you receive a lump sum distribution after you are age 59½, you may be able to make a one-time election to figure the tax on the payment by using "5-year averaging." Five-year averaging often reduces the tax you owe because it treats the payment much as if it were paid over 5 years.