Tax Planning/Max 401k and AMT


I will come into a small inheritance this year.  I plan to max out my 401k for the rest of the year to the maximum $23k (I'm over 50) and make up the difference in income by tapping the inheritance.  It will more than double my current bi-weekly contribution for the remainder of this year.  This will significantly reduce my tax liability for 2013.  Is there any chance this could trigger the AMT?  Thanks!

David - I wish I could answer your question, but I do not have enough information to do so.  I would have to have a look at your entire situation, all sources of income and all deductions.  The AMT is triggered based on numerous factors.  You have not provided me any of the factors necessary to determine whether AMT would be triggered.  This type of question is best answered across the table from a qualified tax professional.  I suggest you do a search for an Enrolled Agent in your area at this link:

I hope this helps!

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As an Enrolled Agent, I am fully capable of providing tax advice as it relates to personal and business income taxes. Enrolled Agents are the only Federally licensed tax practitioners and are admitted to practice before all administrative functions of the IRS. My specialty is working with small business owners who file Schedule "C" and helping them to structure their business in such a way as to maximize as many tax advantages as possible. I also enjoy working with individuals who have both routine as well as complex tax situations. I prefer to concentrate on individuals and small business tax planning.


I have a 25 year background in financial services including tax, bookkeeping, insurance, real estate and securities. I was previously the Chief Financial Officer of a local and national franchise organization. I am currently semi-retired, but used to own (in partnership with another EA) an individual and small business financial engineering firm where I work with nearly 2,500 individuals and small business owners in nearly every state and almost every continent, assisting them in all aspects of their tax and financial well-being. I have prepared or reviewed more than 8,000 tax returns in my career.

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Enrolled Agent, Admitted to Practice Before the IRS, Accredited Tax Preparer, Fellow of National Tax Practice Institute, Certified QuickBooks ProAdvisor (1999-2011), Sleeter Group Certified QuickBooks Consultant, Life & Disability Insurance Agent License (California, Texas, Maine), Real Estate Agent License (California); Many years of continuing education in all these fields.

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