Alternative Minimun Tax (AMT)

Despite Reform, Alternative Minimum Tax Can Still Hit Some Taxpayers

Despite Reform, Alternative Minimum Tax Can Still Hit Some Taxpayers

If you weren’t subject to the AMT before the reforms, you most certainly don’t have to worry about it now, unless you’ve suddenly become much wealthier. But tax advisors say that households who were at risk of having to pay this extra-high income tax in the past are still wise to see if it will apply to them today — and to take evasive action if it might.