Comments on: Will You Get Hit by the AMT? http://allfinancialmatters.com/2006/01/05/will-you-get-hit-by-the-amt/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Tue, 22 May 2012 02:48:27 +0000 hourly 1 http://wordpress.org/?v= By: mortgage guide http://allfinancialmatters.com/2006/01/05/will-you-get-hit-by-the-amt/comment-page-1/#comment-134855 mortgage guide Fri, 31 Aug 2007 03:37:18 +0000 http://www.allthingsfinancialblog.com/2006/01/05/will-you-get-hit-by-the-amt/#comment-134855 yesterday i was surfin the web when i came across this informative blog mortgage-buddy.co.nr yesterday i was surfin the web when i came across this informative blog mortgage-buddy.co.nr

]]> By: fivecentnickel.com http://allfinancialmatters.com/2006/01/05/will-you-get-hit-by-the-amt/comment-page-1/#comment-969 fivecentnickel.com Fri, 06 Jan 2006 14:51:52 +0000 http://www.allthingsfinancialblog.com/2006/01/05/will-you-get-hit-by-the-amt/#comment-969 <strong>Weekly Roundup - 01/06/06</strong> Another busy week in the world of personal finance. Here are some of the most useful things that I ran across this week at my favorite sites... Weekly Roundup – 01/06/06

Another busy week in the world of personal finance. Here are some of the most useful things that I ran across this week at my favorite sites…

]]> By: Consumerism Commentary http://allfinancialmatters.com/2006/01/05/will-you-get-hit-by-the-amt/comment-page-1/#comment-964 Consumerism Commentary Fri, 06 Jan 2006 07:08:01 +0000 http://www.allthingsfinancialblog.com/2006/01/05/will-you-get-hit-by-the-amt/#comment-964 <strong>Did You Catch These?</strong> Here’s a few articles that I’ve enjoyed by other bloggers in the past week or so. Free Money Finance mentions store return policies, a hot topic after the holidays. Stores are getting stricter and you have to play by their rules. JLP from A... Did You Catch These?

Here’s a few articles that I’ve enjoyed by other bloggers in the past week or so. Free Money Finance mentions store return policies, a hot topic after the holidays. Stores are getting stricter and you have to play by their rules. JLP from A…

]]> By: Chrees http://allfinancialmatters.com/2006/01/05/will-you-get-hit-by-the-amt/comment-page-1/#comment-959 Chrees Thu, 05 Jan 2006 23:35:48 +0000 http://www.allthingsfinancialblog.com/2006/01/05/will-you-get-hit-by-the-amt/#comment-959 I've been brutalized by the AMT the past two years, but after running preliminary numbers through Turbotax it looks like we escape it this year. Sam, there are only two ways I know to avoid it: earn less money (maxing out the 401K is a good move, along with increasing anything that is not included in taxable income--flex spending plan contributions, for example), and don't deduct anything. The nature of the tax is to phase our your deductions, so the less you have, the less the AMT if you're hit. Neither one of those options appeals to me--I'd rather have Congress get its act together and get rid of the damn thing, but I'm not holding my breath. I’ve been brutalized by the AMT the past two years, but after running preliminary numbers through Turbotax it looks like we escape it this year.

Sam, there are only two ways I know to avoid it: earn less money (maxing out the 401K is a good move, along with increasing anything that is not included in taxable income–flex spending plan contributions, for example), and don’t deduct anything. The nature of the tax is to phase our your deductions, so the less you have, the less the AMT if you’re hit. Neither one of those options appeals to me–I’d rather have Congress get its act together and get rid of the damn thing, but I’m not holding my breath.

]]> By: sam http://allfinancialmatters.com/2006/01/05/will-you-get-hit-by-the-amt/comment-page-1/#comment-958 sam Thu, 05 Jan 2006 23:28:14 +0000 http://www.allthingsfinancialblog.com/2006/01/05/will-you-get-hit-by-the-amt/#comment-958 The AMT scares me since my wife and I are in the potential demographic to be hit by it. I think we escaped this year based my wife's preliminary work in Turbo Tax. (She gets a kick out of Turbo Tax. Go figure.) Is there any information out there on ways to minimize the chance of getting hit with the AMT? Our strategy has been to max out our 401k contributions to keep our taxable income down, and even doing catch-up contributions. Any other ideas would be welcome. The AMT scares me since my wife and I are in the potential demographic to be hit by it. I think we escaped this year based my wife’s preliminary work in Turbo Tax. (She gets a kick out of Turbo Tax. Go figure.) Is there any information out there on ways to minimize the chance of getting hit with the AMT? Our strategy has been to max out our 401k contributions to keep our taxable income down, and even doing catch-up contributions. Any other ideas would be welcome.

]]> By: Nick http://allfinancialmatters.com/2006/01/05/will-you-get-hit-by-the-amt/comment-page-1/#comment-956 Nick Thu, 05 Jan 2006 20:03:56 +0000 http://www.allthingsfinancialblog.com/2006/01/05/will-you-get-hit-by-the-amt/#comment-956 Y'know, the name "Alternative Minimum Tax" sounds so happy. Oh sure, I'll gladly pay an alternative to income tax! Oh, and it's minimum??? Even better! Makes a person even forget the last word is tax. Y’know, the name “Alternative Minimum Tax” sounds so happy. Oh sure, I’ll gladly pay an alternative to income tax! Oh, and it’s minimum??? Even better! Makes a person even forget the last word is tax.

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