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Alternative Minimum Tax

How Will the Obama Tax-Cut Deal Affect You?

On December 17th, 2010, President Obama signed a $858-billion tax-cut package into law. Here's how it could affect you.

Cross your fingers and hope you’re not caught by Alternative Minimum Tax (AMT) this year.

If you don’t know what the AMT is, you may well be in for a shock this year. And if your household income is around $75,000 or more, gross, then AMT could very well take a big bite