Alternative Minimum Tax (AMT)

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Additional Child Tax Credit Accelerated Cost Recovery System (ACRS) Actual Expenses (Regular Method) Adjusted Basis Adoption Credit Amount Realized Active Participation Anti-Churning Rules At-Risk Rules Adjustment to Income Alternative Minimum Tax (AMT) Adjusted Gross Income (AGI) Accrued Interest Accounting Method Accelerated Depreciation Amortization Acquisition Debt Accounting Period Advance Earned Income Credit Active Participant Advance Payments Alimony Payments Annuitant Accrual Method of Accounting Asset Annuity Starting Date Automobile Expenses Audit Away From Home Overnight Annualized Income Amended Return Accountable Plan Annuity Average Basis

Definition of Alternative Minimum Tax (AMT):

The AMT is another method of calculating your tax obligation. It differs from the .normal. way in the way it handles different kinds of income and deductions. It was created to target some high-income individuals who were claiming so many deductions that they ended up paying almost no taxes at all. Whichever amount is higher, the "normal" tax or the AMT, is the one you pay. You can calculate your AMT using Form 6251.

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Alternative Minimum Tax (AMT)

Definition of Alternative Minimum Tax (AMT):

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