AMT exemption amounts for 2024 To fall into the AMT for 2024, you must have earned more than the minimum level in the chart below. (Earning more than these levels doesn’t automatically subject you to the AMT.) Filing status2024 AMT exemption ...
On September 12, 2024, the Treasury Department issued over 600 pages of long-awaited proposed regulations (REG-112129-23) on the application of the 15% corporate alternative minimum tax (CAMT) on the adjusted financial statement income (AFSI) of large corporations. The proposed regulations propose...
The meaning of ALTERNATIVE MINIMUM TAX is a U.S. federal income tax that was originally imposed to prevent wealthy taxpayers from using tax shelters to avoid paying taxes, that excludes many deductions and exemptions allowed in computing regular tax liab
The alternative minimum tax, or AMT, was instituted in the late 1960s to ensure that high-income individuals pay at least a minimum amount offederal income tax.1The AMT is like a shadow tax because it has its own rules about deductions, its own exemptions, and its owntax ratesof 26% a...
A taxpayer who has a high income and uses large tax breaks may owe a smaller percentage under the standard rules. If so, the taxpayer is obliged to recalculate the taxes owed under the alternative minimum tax system, which eliminates some of those tax breaks. ...
AMT(Alternative Minimum Tax)英文直译是替代性最低税，从它的税法制定背景和数额计算方式来看，称为“校正性最低税”可能更合适些。国内翻译为替代最小赋税。替代最小赋税税法条款确保个人和公司会付一些所得税，不管他们有多少扣抵或信用额度。在AMT之下，特定的金钱通常不得被视为应扣税的所得，例如...
Alternative Minimum Tax在国内常被翻译为“替代最小赋税”。该词常缩写作AMT。 替代最小赋税税法条款确保个人和公司会付一些所得税,不管他们有多少扣抵或信用额度。在AMT之下,特定的金钱通常不得被视为应扣税的所得,例如通常为可抵税所得的总合,或者是免税债券的所得,都会被视为是缴税的。 替代性最低税是基于...
Written by a TurboTax Expert • Reviewed by a TurboTax CPAUpdated for Tax Year 2024 • December 10, 2024 10:08 AMOVERVIEWThe Alternative Minimum Tax (AMT) was designed to keep wealthy taxpayers from using loopholes to avoid paying taxes. But because it was not automatically updated for i...
Alternative minimum tax rules clarified. (personal finance) (column)Kistner, William G
alternative minimum tax_金融行业词汇 可供选择的最小税收 选择性最低税 alternative minimum tax词源英文解释 The first known use of alternative minimum tax was in 1958 alternative minimum tax 例句 1.That is because of the alternative minimum tax, which is designed to create a base tax rate for al...