alternative minimum tax Photos on Townhall

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              This photo taken Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in Washington.

    This photo taken Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in Washington.

    Posted: 1/22/2013 1:58:46 PM EST
    This photo taken Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in Washington. Taxpayers preparing to file their 2012 returns can breathe a collective sigh of relief. The alternative minimum tax or AMT has been patched, permanently, and several tax credits and deductions that technically expired at the end of 2011 were extended as part of the fiscal cliff legislation that Congress passed and President Barack Obama signed into law in January 2013. (AP Photo/Pablo Martinez Monsivais)
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              This photo taken Wednesday, Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in W

    This photo taken Wednesday, Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in W

    Posted: 1/22/2013 1:58:46 PM EST
    This photo taken Wednesday, Jan. 9, 2013 shows H&R Block Tax preparer Tracey Wales, right, working with customer Muneer Sheikh, on preparing his taxes, at H&R Block office downtown in Washington. Taxpayers preparing to file their 2012 returns can breathe a collective sigh of relief. The alternative minimum tax or AMT has been patched, permanently, and several tax credits and deductions that technically expired at the end of 2011were extended as part of the fiscal cliff legislation that Congress passed and President Barack Obama signed into law in January 2013. (AP Photo/Pablo Martinez Monsivais)
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              FILE - In this Feb. 15, 2012, file photo, House Speaker John Boehner of Ohio pauses while talking about an accord on the payroll tax cut negotiations during a news conference on Capitol

    FILE - In this Feb. 15, 2012, file photo, House Speaker John Boehner of Ohio pauses while talking about an accord on the payroll tax cut negotiations during a news conference on Capitol

    Posted: 9/19/2012 3:08:45 AM EST
    FILE - In this Feb. 15, 2012, file photo, House Speaker John Boehner of Ohio pauses while talking about an accord on the payroll tax cut negotiations during a news conference on Capitol Hill in Washington. Just about every U.S. taxpayer is facing a significant tax increase next year, unless Congress and the White House can agree on a plan to extend a huge collection of tax cuts that expires at the end of the year. If Congress can’t agree on a plan to extend the Bush-era tax cuts, income tax rates would go up for people at every income level. Estate taxes and investment taxes would increase and the alternative minimum tax would hit millions of middle-income people. A payroll tax cut that has saved workers an average of about $1,000 a year in 2011 and 2012 would expire. Dozens of business tax breaks would go away. (AP Photo/J. Scott Applewhite, File)
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              FILE - In this July 25, 2012, file photo, Senate Majority Leader Harry Reid, D-Nev., speaks to reporters just after Senate Democrats passed their version of a yearlong tax cut extension

    FILE - In this July 25, 2012, file photo, Senate Majority Leader Harry Reid, D-Nev., speaks to reporters just after Senate Democrats passed their version of a yearlong tax cut extension

    Posted: 9/19/2012 3:08:45 AM EST
    FILE - In this July 25, 2012, file photo, Senate Majority Leader Harry Reid, D-Nev., speaks to reporters just after Senate Democrats passed their version of a yearlong tax cut extension bill by a near party-line 51-48 vote, at the Capitol in Washington. At right is Sen. Charles Schumer, D-N.Y. Just about every U.S. taxpayer is facing a significant tax increase next year, unless Congress and the White House can agree on a plan to extend a huge collection of tax cuts that expires at the end of the year. If Congress can’t agree on a plan to extend the Bush-era tax cuts, income tax rates would go up for people at every income level. Estate taxes and investment taxes would increase and the alternative minimum tax would hit millions of middle-income people. A payroll tax cut that has saved workers an average of about $1,000 a year in 2011 and 2012 would expire. Dozens of business tax breaks would go away. (AP Photo/J. Scott Applewhite, File)