My Personal Finance Journey

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Temporary AMT Relief in FY2005 Budget

Contributed by mm | February 27, 2004 10:03 AM PST

The Administration proposed yet another temporary fix to the faulty Alternative Minimum Tax (AMT) system by extending the existing temporary fix to the end of 2005. Without this fix, 13 million taxpayers will be subject to AMT instead of under 4 million.

The title of this report says it all: AMT Relief in the FY2005 Budget: A Bandaid for a Hemorrhage.

Source: Tax Guru-Ker$tetter Letter

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Read More ... 89 Posts In The Same Category


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01/12/08 | 2008-2010: The Upcoming Golden Age for Investors in Low Tax Brackets | (1)
12/25/07 | Christmas Gift from the Capitol Hill: the Alternative Minimum Tax Patch and Mortgage Forgiveness Debt Relief | (2)
12/12/07 | Is Prepaying January Mortgage Bill for Tax Gain a Good Idea? Myth Busted. | (1)
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10/16/07 | The Value of Essential Tax Knowledge | (10)
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01/30/07 | Free Tax Filing for 2007: The Rules Have Changed (Again) | (14)
01/29/07 | What Did I Learn from My 2005 Tax Return? | (10)
03/07/06 | Roth 401(k) or Not? | (7)
02/04/06 | $833 Profit from Dependent Care Flexible Spending Account | (6)
11/27/05 | 2006 Tax Rates Preview | (2)
11/20/05 | Tax Strategy for Self-Employment Income, Part 10: The Conclusion | (2)
09/27/05 | Tax Strategy for Self-Employment Income, Part 9: C Corporation | (3)
09/16/05 | Tax Strategy for Self-Employment Income, Part 8: LLC and S Corporation | (10)
09/13/05 | Tax Strategy for Self-Employment Income, Part 7: Forms of Doing Business | (2)
09/12/05 | Tax Strategy for Self-Employment Income, Part 6: SEP IRA and SIMPLE Plans | (2)
09/01/05 | Tax Strategy for Self-Employment Income, Part 5: Individual 401(k) Analysis & Resources | (2)
08/30/05 | Tax Strategy for Self-Employment Income, Part 4: Individual 401(k) Introduction | (5)
08/28/05 | Tax Strategy for Self-Employment Income, Part 3: The Major Options
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03/06/05 | How Do Your Deductions Stack Up?
03/05/05 | Yes, Bigger Refund This Year. But Is It A Good Thing?
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01/17/05 | Don't Scream 'Audit Me!'
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12/20/04 | Should I Save Receipts Next Year? | (1)
12/18/04 | Sales Tax Deduction Details Released
12/12/04 | My $413 Mistake
12/08/04 | Top Ten Tax-Complex Corporate Actions for 2004 | (1)
11/30/04 | 8 Profitable Year-End Tax Moves
11/29/04 | A Door Is Closed
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11/13/04 | Taxes and Consequences: The Second Term Begins
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10/11/04 | What's Your Marginal Tax Rate?
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08/25/04 | Bush vs. Kerry On Your Tax Bill
08/14/04 | Withdraw Early If You Dare
08/09/04 | No $400 Advance Child Tax Credit This Year
08/05/04 | IRS Publication 15 and Income Tax Withholding
07/01/04 | Do You Live in a Tax-Friendly State? | (1)
06/23/04 | Kiplinger's Tax Map
06/23/04 | State Sales Tax Deductibility for Residents of WA and Six Other States
05/25/04 | Individual Tax Statistics by Zip Code
04/19/04 | John Kerry's Tax Hypocrisy
04/18/04 | The President's Tax Return (Cont'd)
04/15/04 | The Growing Class of Americans Who Pay No Federal Income Taxes
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04/14/04 | Kerry's Gas Tax Increase Calculator
04/05/04 | A $206 Mistake (And My Tax Filing for 2003)
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02/29/04 | An Average Refund Check of $2,292
02/22/04 | 6 Signs You Don't Need a Tax Pro
02/10/04 | New Saving Accounts, Now Four Types
02/06/04 | Tax (R)evolution Opinions from Bush, Kerry and Edwards
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