Should You Expect To Pay Alternative Minimum Tax This Year?

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TAX PLANNING

Should You Expect To Pay The Alternative Minimum Tax This Year?

By The BIDaWIZ Team on March 7th, 2014 at 12:05 pm

Even with the recent adjustments to the alternative minimum tax (AMT), many taxpayers can expect to fall into this trap. Specifically, many households earning over $200,000 will be subject to this tax with the highest percentage having taxable income between $200,000 and $500,000 as suggested by a recent study conducted by the Tax Policy Center. .

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