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alternative minimum tax assistant for individuals if you use tax return preparation software to prepare your taxes even if you decide to file on paper instead of electronically you may bypass this tool if you prepare and file your taxes using paper and pencil pen you may bypass this tool and instead plete the worksheet for line 45 in the form 1040 instructions pdf 2017 vs 2018 alternative minimum tax amt threshold and as part of gop tax reform bills to support president trump s tax reform agenda there has been a strong push to eliminate the individual alternative minimum
 

2017 vs 2018 alternative minimum tax amt threshold and for the nation’s rich who can write off a lot of their in e the alternative minimum tax assures that regardless of their deductions they will always pay a minimum amount think of it as an alternative set of tax rules that go in to effect for those people who qualify for special tax benefits worksheet to see if you should fill in form 6251 irs tax map topic page for worksheet to see if you should fill in form 6251 alternative minimum tax worksheet to see if you should fill in alternative minimum tax amt alternative minimum tax what is it does it affect you the exemption amount functions something like a standard deduction for the amt in lieu of all the disallowed deductions and other adjustments taxpayers can reduce their alternative minimum tax in e by the exemption amount the alternative minimum tax is calculated on what s left over after the exemption amount has been subtracted


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a overview of itemized tax deductions and their limitations

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