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Should I withhold additional taxes if I will pay AMT?
The IRS W-4 tool is suggesting I may owe about 40% of my anticipated tax obligation at the end of the year under ordinary income tax rules. However, I expect to trigger AMT as well. Given that I will be paying more under AMT anyway, is there any incentive for me to withhold additional taxes from my paychecks to reduce my taxes owed under ordinary income tax rules?
‎June 8, 2022
11:22 AM