March 27, 2008

Good tax news and bad tax news

Good news: I'm not going to have to pay AMT this year. I used the AMT tax estimator for 2007 that I found out about from this Get Rich Slowly page


Bad news: I'm not going to get the Economic Stimulus Payment from the government. I used the calculator at the IRS page that I found out about from the Five Cent Nickel article They phase out the checks after $75k for single people and above $87k its down to nothing. Fortunately for me I make more than that.

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