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Kiplinger
Kiplinger
Business
Joy Taylor

Could Millions of Taxpayers Be Facing the AMT (Alternative Minimum Tax) in 2025?

Twenty dollar bills on an IRS 1040 tax form.

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our highly experienced team (Get a free issue of The Kiplinger Tax Letter or subscribe). You can only get the full array of advice by subscribing to the Tax Letter, but we will regularly feature snippets from it online, and here is one of those samples…

A lot has been written on the soon-to-expire tax provisions in the 2017 Tax Cuts and Jobs Act. Many of the provisions in the 2017 tax law that affect individuals, such as the lower income tax rates, higher standard deductions, higher child tax credits and bigger lifetime estate and gift tax exemption, are set to expire after 2025, unless Congress acts.

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