Tag Archives: alternative minimum tax

Do you need to think about the alternative minimum tax?

You may not have thought much about the alternative minimum tax, or AMT, since Congress passed a law that permanently fixed the exemption. But the tax, which you calculate separately from your regular tax liability, is still around. Here’s how … Continue reading

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The AMT: Will this tax apply to you?

What’s your alternative minimum tax (AMT) preference? Though you might prefer to not think about the AMT, certain income and deductions, known as preference items, affect the way the tax will apply to you. Those amounts, along with others called … Continue reading

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Make the most of your professional advisors

Who’s on your team? No, not your sports or reality-show dancing team, your business team, that group of professional advisors who are ready and willing to help you tackle tough financial decisions. Those decisions can have an effect on your … Continue reading

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Don’t miss out on the “saver’s credit”

*The saver’s credit, also called the “retirement savings contributions credit,” is a tax break designed to encourage you to make contributions to your traditional and Roth IRAs and certain other qualified retirement plans — including your 401(k). *You apply the … Continue reading

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Tax Changes due to Fiscal Cliff Agreement

The “American Taxpayer Relief Act of 2012” approved by Congress just after we plunged over the “fiscal cliff” restores and modifies several expired tax breaks, but doesn’t address other issues. Here are the highlights of the new law’s provisions for … Continue reading

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The alternative minimum tax: Will it affect you?

In your tax planning, don’t overlook how your tax-saving strategies might be affected by the alternative minimum tax. * What is the alternative minimum tax? Enacted back in 1969, the alternative minimum tax (AMT) was designed to make sure that … Continue reading

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