Originally Posted by
GoCats67
Unless of course you were already hit by the AMT and weren't able to take any deductions for the state tax or business expenses or basically anything except charity and now won't be hit by AMT since it doesn't exist
AMT does still exist. Oh sure Trump vowed to get rid of it, but like most things he says...It didn't happen.
Fewer people will pay the Alternative minimum tax (AMT) because the act increases the exemption level (from $84,500 to $109,400 for couples; from $54,300 to $70,300 for singles)