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 ...

The alternative minimum tax was first introduced in 1969 as a way to prevent wealthy people from taking advantage of so many income tax deductions and credits that they paid little, if any, income ...

America’s income tax policy works on a graduated system designed to ensure that high earners pay a larger percentage of their income than those with lower incomes. However, since some high-income ...

California's tax system is complex, and for certain taxpayers, the Alternative Minimum Tax (AMT) can add an extra layer of ...

The Tax Cuts and Jobs Act made many changes to the individual tax law in the United States, and this includes the alternative minimum tax, or AMT. The GOP had been hoping to reduce the impact of the ...

If A, from the example in the article, had the same amount and type of taxable income in 2017 under the old kiddie tax rules and her parents had taxable income of $250,000 and they did not owe ...