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2010 Estimated Taxes and the Alternative Minimum Tax Decrease
If you’ve been reading the blog lately, you know that the IRS has made a series of changes that could affect your 2010 estimated tax payments. Today we continue our series of blog posts to highlight those changes.
Our topic of the day is the alternative minimum tax (AMT).
According to the IRS, the AMT exemption amount is scheduled to decrease to $33,750 ($45,000 if married filing jointly or a qualifying widow(er); $22,500 if married filing separately).
