Tag: exemptions

IRS Tax Tips – Tax Benefits for Parents Plus Facts about Dependents and Exemptions

The IRS publishes several bulletins which contain useful information for tax payers with dependents – e.g parents, grand parents and guardians – that apply to many of my readers. I have… Read more »

2018 vs. 2019 Alternative Minimum Tax (AMT) Threshold and Exemption Amounts

As part of GOP tax reform bills to support President Trump’s tax reform agenda, there has been a strong push to eliminate the individual Alternative Minimum Tax (AMT). However the GOP has… Read more »