Anonymous
01/11/2015 21:12
Subject: How to save on AMT tax?
pps are wrong -- have FEWER children. Or kill the ones you have. The AMT treats them like illegal tax shelters.
The people most likely to trigger AMT live in high-tax states (high deductions for state and local taxes) and have lots of children (i.e. more than one). State and local deductions and personal exemptions are the most common AMT preference items. This includes high property taxes, which is why it's an issue in these parts, where home values are high.
The people most likely to trigger AMT live in high-tax states (high deductions for state and local taxes) and have lots of children (i.e. more than one). State and local deductions and personal exemptions are the most common AMT preference items. This includes high property taxes, which is why it's an issue in these parts, where home values are high.
Anonymous
01/11/2015 21:08
Subject: Re:How to save on AMT tax?
OP, did you buy tranditional IRA? You might save a little.
Anonymous
01/11/2015 15:57
Subject: Re:How to save on AMT tax?
Anonymous wrote:Anonymous wrote:Ways to not hit the AMT
1) Make less money.
2) In some cases, have more children
3) In some cases, donate more to qualified tax deductible organizations
None will give you more cash in hand than paying the AMT.
4) get paid in cash and go to jail