What Is the Alternative Minimum Tax (AMT)? (The Sunderland Group Inc.)

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What Is the Alternative Minimum Tax (AMT)?

AMT (16 KB)

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As an individual taxpayer, you are subject to two tax systems, the regular income tax and the alternative minimum tax (AMT). You are liable for the larger, and only the larger, of the two taxes.

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What Is the Alternative Minimum Tax (AMT)?