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Old 05-17-2006, 10:22 AM
David Harville David Harville is offline
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Real Name: David Harville
Location: Ellicott City, MD
Hybrids: 2005 Prius
Posts: 178
Default Re: 2006 Tax Credit - 2006 AMT trap

Quote:
Originally Posted by kenny
Gosh, I wish I qualified to pay the AMT.
No, you don't. It's an alternative MINIMUM tax. If you qualified for it, that means that your computed tax burden is lower than the AMT and you would pay the higher of the two.
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