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They say the two things certain in life are death and taxes, but your tax refund may not be so certain this year.
The problem is the alternative minimum tax, or the AMT. In 2006, about four million people were subject to the tax that ensures all Americans pay some minimum amount of tax regardless of how high your income is and how many deductions you qualify for. Each year th exemption amount must be approved by Congress. This year, Congress has yet to approve an exemption for the AMT.