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FAQs on the Alternative Minimum Tax | FAQs on the Alternative Minimum Tax |
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The Alternative Minimum Tax (AMT) was designed to keep wealthy taxpayers from using loopholes to avoid paying taxes. But because it's not regularly updated for inflation, more middle-class taxpayers are getting hit with the AMT. Though Congress implemented a patch for 2007, these FAQs can help you...
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| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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