The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a minimum level of tax, regardless of deductions and credits that might otherwise ...

The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a minimum amount, even if they claim many deductions or credits. In 2025, the ...

Here's a prime example of Washington speak: the alternative minimum tax. The AMT, as it's known, is hitting more middle-class taxpayers every year. And if your eyes are glazing over, you might want to ...

In addition to regular income tax, the alternative minimum tax (AMT) is an additional tax that certain taxpayers must pay. In theory, the purpose of AMT is to prevent high income taxpayers from taking ...

Yes. There are two factors that contribute to the imposition of AMT. There are “exclusion items” and “deferral items.” Examples of an exclusion item include miscellaneous itemized deductions and state ...

The alternative minimum tax was designed to make sure taxpayers who took advantage of loopholes and shelters paid at least some federal income tax. As regular tax rates decline, more and more ...

It’s the deadline for filing your taxes tomorrow. Some Americans have had a surprise hike in their tax bills because of something called the alternative minimum tax. This tax began in 1969 as a way to ...

Your editorial “Trump Repeals His Own Tax Reform” (Sept. 20) discusses the former president’s vow to restore the deduction for state and local taxes (SALT). For background, the Tax Cuts and Jobs Act ...

The Internal Revenue Service and the Treasury Department issued proposed regulations last month offering guidance on the corporate alternative minimum tax on companies with over $1 billion in income, ...

The alternative minimum tax (AMT) is a separate tax system that makes sure people with high incomes still pay some tax, even if they have a lot of deductions. It removes some common deductions, like ...

Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025. By Alan Rappeport Important regulations expire at the end of ...