Quote:
Originally Posted by dinonz
Thanks Rick - all my investigations are looking to be that way, but it's amazing how many examples out there have fundamental faults I never know what to trust. One I saw quoted $16K in Social Security - double the annual maximum for a single person. Other calculated the full AMT at 28% once you went over the threshold, rather than 26% up to the threshold and 28% on the remainder - makes it hard to trust anything when a computer programmer can pick out their faults.
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Re: social security example, maybe it was for someone self employed. The self employed like me pay double social security and Medicare because we pay employee and employer portions.
I haven’t had to deal with AMT but on other topics have actually found the IRS publications the best source for info. They are usually well written, which is surprising given that everything else about the agency is a cluster.