Article Date:
April 2018


Word Count:
936

 

 

Good News: Tax Reform Lands a Blow to AMT


The recently passed Tax Cuts and Jobs Act cuts federal income taxes for almost everyone.

 

But you may have to worry about the alternative minimum tax (AMT). The AMT is a parallel tax system, and if your AMT liability is higher than your regular federal tax liability, you pay that difference in additional taxes.

 

In this article, we’ll explain how tax reform impacted AMT and how that affects what Uncle Sam takes from your wallet. ... Log in to view full article.

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