Angie's List Chicago (City Will Change)



Saturday, March 01, 2008


Will you have to pay AMT?

Even if you earn as little as $75,000 a year, you could be hit with AMT. Certain kinds of income, expenses or deductions like those listed below can put you at risk. Check with a tax pro to learn more.

• High income, long-term capital gain or qualified dividend income

• Tax-exempt interest from private activity bonds

• Interest deduction on a home equity loan not used for home improvement

• State, local and property tax deductions

• Some medical expenses

• Miscellaneous itemized deductions

• Personal and dependency exemptions

• Incentive stock options

Have a comment about this story? E-mail us at mailbag@angieslist.com.

Not a member of Angie's List?


Join


Learn More