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Reply to "SALT Phase out"
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[quote=Anonymous][quote=Anonymous]AMT was never intended to be applied so broadly. There was bipartisan agreement to revisit it. That isn’t a controversial part of TCJA.[/quote] I don’t doubt that but it applied to me for almost my entire working life, starting in 2004. My recollection is hazy at this point but I think it essentially wiped out most of my SALT deductions so the SALT cap in the TCJA didn’t seem to impact me. Whether congress would have changed the AMT anyway, I don’t know.[/quote]
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