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Watch Out for the AMT

June 4, 2015

As you review your income tax situation at midyear, consider your exposure to the alternative minimum tax (AMT). The alternative minimum tax involves a separate tax calculation that disallows many of the deductions and credits used to calculate regular income tax. If you have high levels of deductions or exemptions, or if you exercise incentive stock options this year, it's worth checking for possible AMT liability so it doesn't take you by surprise.

   

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