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Although several studies have shown that wealthier people tend to be happier, prioritizing money over all else can also be harmful. Money correlates with happiness, but only to a point.
New alternative minimum tax (AMT) provisions came into effect on January 1, 2024.
The federal government introduced AMT in 1986 to ensure high income individuals paid a fair share of tax.
The federal government introduced AMT in 1986 to ensure high income individuals paid a fair share of tax.
As we approach year-end, there are several tax planning considerations to keep in mind. Let’s review five of them.