Quote:
Originally Posted by MikeWaters
Is there a way of figuring out beforehand what the risk is of being hit with AMT?
I'm thinking about prepaying tithing for next year, and it would be a bummer to to be hit with the AMT as a result.
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Sure, you can use standard tax software to est whether you will be in AMT. I would assume a turbo tax-type suite would do it for you, as I know they also do est tax payments and other basic tax planning. If not turbo tax, then maybe one of the other ones.
Why would you pre-pay tithing and why pre-paying it put you in AMT?
One option you may want to explore is to have your employer pay you in breadfruit. The IRS doesnt tax that.