WHAT IS THE ALTERNATIVE MINIMUM TAX, AND HOW DOES IT WORK?

Did you know that the United States internal revenue service created the alternative minimum tax (AMT) to balance taxation? You probably have not considered it, but you should calculate your

WHAT IS THE ALTERNATIVE MINIMUM TAX, AND HOW DOES IT WORK?

Did you know that the United States internal revenue service created the alternative minimum tax (AMT) to balance taxation? You probably have not considered it, but you should calculate your tax twice per tax year. The reason is to determine if you should pay the alternative minimum tax, especially if you fall within the tax bracket of higher-income earners.

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