Understanding the Dreaded Alternative Minimum Tax
As if figuring out how much you owe in taxes weren’t complicated enough, the government actually makes you figure it out two separate ways. Welcome to the head-scratching world of the Alternative Minimum Tax (AMT). Although it was originally created to target only the ultra-wealthy who benefited from unusual tax benefits, the AMT has become decidedly more egalitarian in recent years and now affects many middle-class taxpayers. The thought of being hit by the AMT might send c
