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Financial Planning / Tax Strategies


Subject:  Re: Estimated Taxes Date:  8/11/2001  10:39 AM
Author:  Taxfun Number:  53248 of 127517

Another issue for some taxpayers regarding making the final estimated payment for state taxes in December is that state taxes are a preference item for AMT. Also, there may be timing benefits for paying the state tax estimate in January if you will lose part of your itemized deductions due to the high income phase out.
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