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Reply to "AMT -- about how much do you have to make to be subject to it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonvttymous]We make about $240k with 1 kid and a not crazy house (so moderate property tax) and live in VA ( so not super high state tax) and have never triggered it. [/quote] How? [/quote] Because we pay enough in taxes that our taxes are higher than the amt for our income. It's not like we are getting away with something. [/quote] Yeah, this sounds right. Income of $240 and one kid and small mortgage and you're probably not claiming that many deductions. Would put much of your income in the 28% bracket and potentially some in the 33% bracket, which is going to add up to more than what the AMT would cost.[/quote]
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