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Alternative minimum tax: How it works

The alternative minimum tax could increase your tax bill. See what triggers AMT and how to know if it applies to you.
MiBolsilloColombia on MSN

If you're a high earner, the IRS may force you to calculate your taxes twice in 2026

The Alternative Minimum Tax (AMT) phaseout threshold is lowering in 2026. Find out if you're at risk of paying this complex ...
Nasdaq

How Does the AMT Affect Your Standard Deduction?

The alternative minimum tax (AMT) can reduce or eliminate the benefit of the standard deduction for certain taxpayers, particularly those with higher incomes or specific types of tax-preference items.
JD Supra

The Alternative Minimum Tax Goes Mainstream

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 ...
Nasdaq

How to Use the Foreign Tax Credit to Offset AMT

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 ...