The experts agree on one thing – the rules are very complicated and they affect people differently based on family size, how much money one makes and if health insurance is offered through work. The goal of this article is to make it understandable and show how it applies in your situation. First, what is …
If the government does not act to change the income tax rules now, many will see their taxes go up when filing next winter… and not by a little but by a lot as $2,000 is hardly small change, The reason lies mainly in the Alternative Minimum Tax (AMT), originally dubbed the “rich man’s tax”. This …