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 ...

Although almost everyone denounces it, the AMT is a big moneymaker for Uncle Sam, collecting more than $22 billion from four million taxpayers for 2008 alone. Congress has not found a replacement for ...

The alternative minimum tax, or AMT, is pesky. You think you’re done with your tax return, only to do the calculations for the AMT and find that you owe more taxes. While it was designed to catch ...

WASHINGTON — Congressional members on both sides of the aisle are looking at using the alternative minimum tax debate to lead the way to a plan for tax simplification. “The AMT could be the challenge ...

The Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure that high-income individuals pay a fair share of taxes. Originally created in 1969, it aimed to prevent the wealthy from ...

Savers and investors here and around the country presumably are looking forward now to a much less painful tax filing season next spring as they reap the full benefits of last month's tax-cut bill.

The 2017 Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

The alternative minimum tax (AMT) is designed to ensure that certain taxpayers who benefit from various deductions and tax preferences still pay a minimum level of tax. Several factors can trigger AMT ...

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 ...