AMT tax question
bluestateguy
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Apr-14-06 07:28 PM
Original message |
|
Anyone know what income a single, unmarried person, no kids would need before the AMT tax kicks in? I'll be fine this year, but I fear that my new job might push me over the edge in a year or two.
|
SharonRB
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Apr-14-06 07:33 PM
Response to Original message |
1. I have no idea, but you might want to check with an accountant |
|
That new job sounds like it could be a double-edged sword, huh? Well, at least you get to move here.
|
DELUSIONAL
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Apr-14-06 08:47 PM
Response to Original message |
2. Use TurboTax -- cheaper than an accountant |
|
and the program will notify you if you need to go the AMT route.
That's what we have done for years.
If you have to pay the quarterly AMT -- TurboTax will print the forms.
Slick way for the GOP to raise taxes on the middle class.
|
DU
AdBot (1000+ posts) |
Thu Mar 13th 2025, 05:50 AM
Response to Original message |
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.