Core Insights - The One Big Beautiful Bill Act (OBBBA) has altered tax rules, potentially increasing the number of households subject to the Alternative Minimum Tax (AMT) [1][4] - Adjustments in tax regulations may lead clients to accelerate income collection to avoid higher taxes in future years [2] - The rising deduction for state and local taxes (SALT) under OBBBA may reduce federal income liabilities for high-tax state households, but AMT rules could negate these benefits [3][4] Group 1: AMT Exposure - The OBBBA's changes are expected to increase the number of households subject to AMT, particularly those in high-tax states [1][4] - SALT deductions, incentive stock options, and interest income from private activity bonds are common reasons for new AMT eligibility [4] - Financial advisors are preparing clients for potential AMT implications, with some already adjusting their tax strategies for the current year [4][5] Group 2: Client Behavior - Clients with incentive stock options may choose to exercise them this year to avoid the new AMT regime [5] - Households with private activity bonds may reconsider their investments based on after-tax yields due to the AMT changes [5]