October 2, 2022

Fiscal Cliff Deal Prevented Millions from Missing Out on AMT Fun

A new study from the Tax Policy Center discovered that more taxpayers will be subject to the alternative minimum tax in the coming years — 6.1 million by 2023 — but man, things could've been really interesting/irritating. Without the fiscal cliff deal, 22.6 million taxpayers would've gotten to know Form 6251 in 2013, growing to 56.3 million by 2023. An H&R Block franchisee can dream, I guess. [TPC via The Hill
 

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