newellcr
Recycles dryer sheets
- Joined
- Aug 26, 2003
- Messages
- 224
SUBJECT: AMT to impact 27 million filers?
Hello Folks,
Long time no post on my part. I check in, occasionally, though. Gotta love it when the FIRE accumulation plan seems to be working.
My question is about the Alternative Minimum Tax. My tax preparer said if the tax law remains as written, I will be one of 27 million filers impacted by the AMT this year. She said this is up from 2.5 million filers last year. My hit is expected to be about $3500 extra in taxes as we haven't been AMT victims before. If the AMT Tax law as similar to last year, I wouldn't be impacted.
Finally the question. Has anyone seen any news articles about Congress actually trying to address the AMT this year?
Thanks,
Chris
Hello Folks,
Long time no post on my part. I check in, occasionally, though. Gotta love it when the FIRE accumulation plan seems to be working.
My question is about the Alternative Minimum Tax. My tax preparer said if the tax law remains as written, I will be one of 27 million filers impacted by the AMT this year. She said this is up from 2.5 million filers last year. My hit is expected to be about $3500 extra in taxes as we haven't been AMT victims before. If the AMT Tax law as similar to last year, I wouldn't be impacted.
Finally the question. Has anyone seen any news articles about Congress actually trying to address the AMT this year?
Thanks,
Chris