{ Banner Image }

Showing 2 posts in Alternative Minimum Tax.

Alternative Minimum Tax Permanently “Patched”

Alternative Minimum Tax Permanently “Patched” The Alternative Minimum Tax (“AMT”) was enacted in 1969 to ensure that high-income individuals paid at least a minimal amount of tax.  The AMT operates parallel to the regular tax system and allows different deductions, credits, and exemptions. Read about the changes to the AMT ›

Categories: Alternative Minimum Tax, Income Tax

American Taxpayer Relief Act Summary

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into law. Enacted to address the tax side of the “fiscal cliff,” the ATRA primarily addresses the expiration of certain portions of the Bush-era tax cuts.  Below is a summary of the major tax provisions in the ATRA. Read More ›

Categories: Alternative Minimum Tax, Income Tax