Tag Archives: Alternative Minimum Tax

New Changes to the Alternative Minimum Tax (IRC §53 and §55)

23 January
Alternative Minimum Tax

Some of the more common tax situations that cause a taxpayer to pay more tax under AMT include: AMT Exemption Amounts The exemption amounts are designed to prevent low and middle income taxpayers from being subject to AMT. A taxpayer first has to have income above the exemption amounts before any of it is subject […]