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OBBBA changes to the alternative minimum tax (AMT)

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, finalizing the budget reconciliation process for fiscal year 2025. While the bill is intended to stimulate ...
Kiplinger

Could Millions of Taxpayers Be Facing the AMT (Alternative Minimum Tax) in 2025?

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ...
JournalofAccountancy

Guidance issued on applicability and calculation of new corporate AMT

The IRS intends to issue proposed regulations governing the corporate alternative minimum tax (AMT) under Sec. 55 as amended by the Inflation Reduction Act of 2022, P.L. 117-169, the Service said in ...
Investopedia

Alternative Minimum Tax (AMT): What It Is and How It Works

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...