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Get your taxes done using TurboTax
I am filing late and working on 2017. I got hit by an AMT, even though we have no investment losses or anything out of the extraordinary. Only by paying the proper state, and local taxes and have 4 dependent and owning a house. (We do have 4 teenagers, and unfortunately no money to invest). We also had an increase in our income and moved up a tax bracket from 24% to 28%. We have gotten back anywhere between 4-5k in all years prior to 2017. In 2017 my husband and I apparently owe close to $2000 (the AMT is $1350) whereas in 2016 I didn’t have any AMT.
I truly appreciate any input ~ Thank you!
October 9, 2020
9:40 AM