Good News! Congress has finally passed an Alternative Minimum Tax “patch” that the President is expected to sign. That means that there will still be a delay in when the IRS will start to accept 2007 tax returns (no official date given yet, but likely early February), but at least 20+ milliion middle-class taxpayers will not have to pay and average of $2,000 more in taxes for 2007. What a relief!

For more details, you can read all about it in this Washington Post article:
http://www.washingtonpost.com/wp-dyn/content/article/2007/12/19/AR2007121902459.html