alternative minimum tax
noun
: 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 liability, and that must be paid instead of the regular tax liability by individuals and businesses whose alternative minimum tax liability is greater than their regular tax liability
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But step lightly since packing your SALT deductions into 2026 could impact your alternative minimum tax.
—
Kelly Phillips Erb, Forbes, 24 Dec. 2024
The alternative minimum tax exemption is also set to increase to $85,700 for individuals, phasing out at $609,350, and $133,300 for married couples filing jointly, phasing out at $1,218,700.
—Addy Bink, The Hill, 17 Dec. 2024
Some, for example, involve the calculation of the alternative minimum tax (AMT), a big concern for anyone with incentive stock options (ISOs).
—Bruce Brumberg, Forbes, 3 Dec. 2024
On top of that, airport revenue munis are subjected to the alternative minimum tax (AMT).
—Michelle Fox, CNBC, 25 Nov. 2024
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Kelly Phillips Erb, Forbes, 24 Dec. 2024
The alternative minimum tax exemption is also set to increase to $85,700 for individuals, phasing out at $609,350, and $133,300 for married couples filing jointly, phasing out at $1,218,700.
—Addy Bink, The Hill, 17 Dec. 2024
Some, for example, involve the calculation of the alternative minimum tax (AMT), a big concern for anyone with incentive stock options (ISOs).
—Bruce Brumberg, Forbes, 3 Dec. 2024
On top of that, airport revenue munis are subjected to the alternative minimum tax (AMT).
—Michelle Fox, CNBC, 25 Nov. 2024
See all Example Sentences for alternative minimum tax
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“Alternative minimum tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/alternative%20minimum%20tax. Accessed 18 Jan. 2025.
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