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I'm confused by AMT. It seems like a LOT of tax when I already pay a lot. Don't remember this coming up last year

 
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KenH1
New Member

I'm confused by AMT. It seems like a LOT of tax when I already pay a lot. Don't remember this coming up last year

AMT will kick in when your income exceeds about $200k and you have a lot of deductions for state income taxes withheld and/or mortgage interest:

AMT Summary

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KenH1
New Member

I'm confused by AMT. It seems like a LOT of tax when I already pay a lot. Don't remember this coming up last year

AMT will kick in when your income exceeds about $200k and you have a lot of deductions for state income taxes withheld and/or mortgage interest:

AMT Summary

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