Alternative Minimum Tax (AMT) Definition: A separate tax system designed to keep high-earning corporations and individuals from reducing their taxes to a level that the federal government ...

Nothing gets taxpayers fired up quite like the alternative minimum tax, commonly called the AMT. This separate tax was created to make sure certain high-income taxpayers accounted for their fair ...

Similar to other provisions affecting individuals in the 2017 Tax Cuts and Jobs Act, the 2017 easings to the AMT are set to lapse after 2025, unless Congress decides to extend them. But unlike ...

I would love to have written “peace,” but there is nothing peaceful about the Alternative Minimum Tax (AMT). While the AMT was technically not eliminated from the tax code, for practical ...

Unfortunately, they didn’t adjust the income level for inflation, so eventually millions of taxpayers were paying a higher level of tax because of the AMT. The IRS said 4.4 million Americans ...