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Families: Fight the AMT

 

It's so hard being a parent these days. Between your son's violent video games and your little girl's insistence on wearing shirts that don't cover her belly, who can sleep at night?

To make matters worse, your tax situation is about as straightforward as quantum physics. Between that pesky alternative minimum tax, available kid credits and house deductions, most families are in a big ol' tax quandary.

So let's try to simplify things and offer some year-end tax tips to help ease the complexities.

AMT: A Time-Bomb

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