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Old 05-08-2006, 03:03 PM
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VMA131Marine VMA131Marine is offline
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Real Name: Dr Russ
Location: Madison, CT
Hybrids: Honda Accord Hybrid
Posts: 99
Default Re: 2006 Tax Credit - 2006 AMT trap

I will get hit with AMT next year even though I will only take the standard deduction (i.e. I don't itemise) under the "regular" tax calculation. The Turbotax website has a 2006 estimated tax calculator that takes into account AMT although it doesn't explicitly tell you that you will have to pay AMT. Basically, if you are married and file jointly with an income over $100,000 it's almost certain that you will be paying AMT.
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