Thread: AMT Brackets
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Old 02-11-2007, 11:31 AM
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Revrunt Revrunt is offline
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Real Name: Joseph DeWitte
Location: Henderson, NC
Hybrids: '06 HCH-II Mag Pearl
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Default AMT Brackets

So, my CPA has all of my income information. They are working on my returns now. Just so I'm prepared, at what point does the AMT kick in? I am in a low tax bracket (I'm a grad student, so you know just how low that can be) and from what I've read in other threads, the AMT doesn't apply until you reach a certain level of income. I have quite a few deductions, but, since I begin in a low bracket, I'm hoping that I avoid the AMT laws. I realize I probably won't get the full Tax Credit for my HCH-II, but I'm hoping for at least some to knock out what income tax I owe. If anyone has any experience with this let me know.
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