The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...

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 ...

Nothing gets taxpayers fired up quite like the alternative minimum tax, commonly called the AMT. This separate tax was created to make sure certain high-income taxpayers accounted for their fair share ...

The tricky alternative minimum tax is coming back into play for many clients and their financial advisors under the One Big Beautiful Bill Act. Processing Content But understanding the AMT's history ...

The 2023 Budget proposes material changes to the alternative minimum tax (AMT) regime which, as discussed below, could result in significant increases to taxes on capital gains (i.e.,5-6 percentage ...

Editor’s Note: The 2017 tax reform legislation repealed the corporate alternative minimum tax (AMT) for tax years beginning in 2018 and thereafter. The 2020 CARES Act further modified the rules ...

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 ...