It sounds like you might've gotten caught by the mathematics of your income this year. You must meet one of 3 hurdles to avoid a tax payment penalty. You must:1...
This should maybe be answered by a Turbo Tax employee; however, in the interest of getting you a quick response, I think the correct answer is that, if you are ...
AMT stands for Alternative Minimum Tax, and it is a calculation to assure that taxpayers pay at least a minimum tax on their income.It applies only if the AMT t...