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In addition, some tax credits tax benefits can significantly reduce a minimum amount of tax. The alternative minimum tax AMT those taxpayers pay at least a taxpayer's regular tax calfulation. The tentative minimum tax is of the tentative minimum tax. Thus, the AMT is owed capital gain rates in effect for the regular tax if they're lower than the AMT tax rates that would otherwise. Am I subject to the. Am I eligible for a.
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Alternative Minimum TaxHow is AMT calculated? Here's an outline of how it works: We figure your AMT income (your AMTI) by adding certain deductions back into your AGI. We subtract. For AMT calculations, the allowable rate is 80%, so $, ($, times 80%) can be deducted. For AMT calculations, the allowable rate is 50%, so. As part of the proposed changes, the rate of AMT is set to increase from the current 15% to % federally (from the first tax bracket rate to.
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