Schedule J

Income Averaging for Individuals With Income From Farming or Fishing (Form 1040)

Directory entry. Title and current location confirmed on irs.gov on 21 August 2026; the linked page is authoritative for the current revision and instructions. IRC § 1301(a) reduces only the tax imposed by IRC § 1 — self-employment tax, the additional Medicare tax and the net investment income tax are computed on the year’s actual figures and are unaffected by the election.