Re: Tax Credit Eligibility
we only recieved about 2553 of the 3150 credit from the Infernal Revenue Stealers.
Apparently even though we couldn't take child credit, because income is barely over the limit, Had lower than usual deuctions. we still got hit on the AMT worksheet.
Apparently if you have too many credits and deductions (we don't fudge ours) you can only write off the hybrid credit up to the amount that takes you right to the amt limit. If we had written of the 3150 then they would have hit us up for an additional 597 in tax on the amt.
We are far from being wealthy,Once again congress snares more non rich in the amt.
|