As blogged previously, Obama’s proposed stimulus package is meeting resistance – on both sides of the aisle. Key members of the Senate Finance Committee have
Read MoreTag: AMT
Quick, While The Nation’s Distracted, Let’s Pretend To Fix The AMT!
While the nation’s attention was turned to the financial bank crisis, the House passed a bill increasing the exemption level for the alternative minimum tax
Read MoreHouse Passes Tax Bill To Repeal AMT; White House Threatens Veto
Defying the White House, Representatives in the US House voted to prevent about 22 million taxpayers from being hit by the alternative minimum tax (AMT).
Read MoreMcCain Backs Off Repeal Of AMT
Senator McCain has – until now – included a promise to repeal the AMT in his economic plan. However, a few days ago, he introduced
Read MoreAsk The Taxgirl: Should Those Affected By AMT Patch File Now Or Later?
Taxpayer asks: Hi Taxgirl, I’m helping a non-profit run its VITA program this year. I just found out today that due to late passage of
Read MoreTop Taxgirl Headlines Of 2007
Well, as determined by me, so they’re certainly subjective. But isn’t that why you read the blog to begin with? 10, My personal headlines slide
Read MorePlop, Plop, Fizz, Fizz – Lame AMT Relief It Is
Congress finally made up its mind about the AMT – on the last day of business for 2007. The House voted 352-64 to “patch” the
Read MoreFixing The AMT: A Plea To Congress
Dear Congress, The year ends on December 31. It’s now about halfway through December. The IRS (and consequently, the taxpayers) would be really happy if
Read MoreThe Mother Of All Tax Bills
Rep. Charles Rangel (D-NY) has unveiled what he calls “the mother of all tax bills.” The result would be a sizable “re-shifting” of the current
Read MoreBut I’m Not Rich!
That’s what many folks think when asked to consider whether they will be affected by the AMT (Alternative Minimum Tax). But here’s where they’re wrong:
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