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Deductions & credits
Hello - I am married and filing jointly, my spouse has income of $40k USD, but I had excluded her income for the purposes of the test. I have no other deductions aside from the FTC. Turbotax had been defaulting to the standard deduction of $25,800. Upon looking further, this seemed to have caused AMT to kick in. If i choose to itemize deductions (making that 25,800 go to zero), then the liability goes to $0. Can I confirm that is what you are doing?
‎April 16, 2023
9:53 AM