AMT Tax
This entry was posted on 1/17/2007 10:23 AM and is filed under Tax News, Tax Tips.
AMT Exemption Goes Up
The dreaded Alternative
Minimum Tax will catch many more middle-class taxpayers this year. Fortunately
the AMT exemption amount is being increased:
- Single $42,500
- Married filing jointly/surviving spouse $62,550
- Head of household $42,500
- Married filing separately
$31,275
With
proper tax planning there are ways to avoid or at-least lessen the pain
of this tax! Call our office for a tax planning appointment.
