What Causes Alternative Minimum Tax Liability?
Interest on Second Mortgages
The AMT allows a deduction for interest on mortgage borrowings used to buy, build or improve your home. If you borrowed against your home for some other purpose, the interest deduction is not allowed under the alternative minimum tax.
Contact H&M to discuss how AMT affects you
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As a certified public accounting firm based in the New Orleans Metropolitan Area, we are dedicated to leadership in professional accounting services and constantly seek innovative ways to better serve our clients in existing and expanded dimensions. We take exceptional pride in our ability to provide clients with a large degree of personal attention.
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