Tag Archives: Accounting

What is AMT (Alternative Minimum Tax)?

By Member: Valerie Colin Have you heard of the Alternative Minimum Tax (AMT)?  Does it apply to you?  AMT was first created to ensure that the wealthiest individuals paid at least some tax, disallowing many of the exclusions, deductions, and credits available under regular income tax rules.  After decades of the AMT thresholds not raised for...
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