AMT Tricks for Advisors

Although the American Taxpayer Relief Act of 2012 finally ended more than a decade of temporary AMT patches and fixes that kept expiring and needing renewals, the tax act didn’t actually repeal the AMT permanently. Instead, the big tax package provided permanent “relief” by locking in the AMT exemptions from 2011, and adjusting the exemption — and everything else under the AMT system — for inflation going forward.

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Comments (1)
Some discussion of marginal tax rates when capital gains are being taxed at 0% needs to be included as additional ordinary income can result in 30% marginal tax rates as 15% ordinary income can push capital gains into 15% bracket creating an effective 30% tax rate on that additional discretionary ordinary income (possibly from Roth conversion).
Posted by Dennis N | Friday, May 23 2014 at 9:35AM ET
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