Originally Posted by
XHooker
DD, I get hammered by AMT. Even with the higher AMT threshold, after reading the changes, my CPA believes my taxes will go up in 2018 due to the loss of deductions. Again, I'm a captain, married, kids, one income, mortgage, relatively low tax state. I hope he's wrong, but...
Hes not wrong. My CPA said the same thing.
No AMT, higher standard deduction, and no traditional pilot deductions WILL equate to a higher 2018 tax bill.