5 KEY QUESTIONS TO CALCULATE THE NEW ALTERNATIVE MINIMUM TAX
https://s.yimg.com/ny/api/res/1.2/XpvkLQqkK7aUxehxh60YQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/financial_planning_664/1229af8d4d99b9fc1603771f7c8d4dcc
✍️ The One Big Beautiful Bill Act (OBBBA) may increase the number of households subject to the Alternative Minimum Tax (AMT), despite reducing federal income liabilities in the traditional system.
👉 The SALT deductions, incentive stock option compensation, and interest income from private activity bonds are common reasons households could be newly eligible for the AMT next year. 👉 The AMT brings an alternative set of rules that add items like SALT breaks and the standard deduction back into a household's income. 👉 The number of households paying the AMT is expected to increase under OBBBA's new rules, but it will still be lower than in the absence of the 2017 law. 👉 Financial advisors and tax professionals should help clients understand their potential AMT exposure and plan accordingly.
-- #BenHenry-Moreland #HollySwan #GarrettWatson #NewYork #Chicago #LosAngeles #politics
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