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What is Alternative Minimum Tax

By |2012-04-14T15:22:06+00:00April 14th, 2012|Individual Income Tax|

source: IRS.gov Topic 556 - Alternative Minimum Tax The tax law provides exclusions for certain kinds of income and deductions and credits for certain expenses. The alternative minimum tax (AMT) attempts to ensure that an individual who benefits from certain exclusions, deductions, or credits pays at least a minimum amount [...]