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Description: The alternative minimum tax (AMT) is a separate method for calculating your income taxes. You are responsible for paying the higher of the AMT or the regular tax. If your AMT tax is higher, you add the difference between the AMT and the regular tax on your 1040 line 44.

Keywords: amt AMT a m t alternative minimum tax alt min tax 1040 line 44

In Clusters: Tax alternative minimum tax amt, Alternative minimum tax

Page URL: http://taxes.about.com/od/taxglossary/qt/amt.htm

Last Checked: May 28, 2007 at 02:16:01 AM

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