Quote:
Originally Posted by centrider
Well, I haven't a clue as to where (or what income) would the AMT kick in. I guess, in checking the relevant form, my AMT zeroed out...
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About 85% of the AMT revenue comes from the loss of one's state & local tax deductions(68%) and the personal exemptions(18%). It's starts to kick in at about $75,000. So if you live in a democratic
high tax state with kids, maybe a house and make over $75K. I would seriously revisit that AMT form before it becomes a problem.