Originally Posted by
DeadHead
AMT is a joke. More and more people are hit with it every year and pretty soon the AMT will be our effective tax system.
I'm curious as well if anyone else has any suggestions to avoid, or at least minimize, AMT tax. The only real pertaining deductions that I've seen is 401k contributions and mortgage interest deductions.
I bought a hybrid in 06 and was suppose to get a tax CREDIT of $2700. Went into AMT which voided this credit. Beware of tax incentives if you think you might end up in AMT.