The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

This separate tax was created to make sure certain high-income taxpayers accounted for their fair share. In recent years, however, it applied to many middle-income and upper-middle-income filers, ...

Exempt-interest dividends, typically distributed by municipal bond funds, are generally not subject to federal income tax, but they can be impacted by the alternative minimum tax (AMT) . Certain ...

The benefits of the tax cut just signed into law by President Bush are front-loaded for lower-income Americans, back-loaded for the rich and wiped out entirely for some of the upper middle class -- ...

The alternative minimum tax, or AMT, is a supplemental income tax in the United States designed to make sure that the wealthy pay their fair share of federal income taxes. The AMT allows fewer ...

A. The Alternative Minimum Tax, or AMT, is an alternate tax system that was created to make sure high earning taxpayers paid their fair share. It disallows common deductions, often resulting in a ...