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 ...

This article discusses the evolution of how R&D expense has been determined and whether the Trump Administration will save ...

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 ...

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 ...

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 ...

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 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 (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 ...