Here's a list of federal tax deductions and credits that you can't claim in the 2026 tax year. Plus, high-income earners ...

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ...

The IRS on Friday provided new interim guidance on the corporate alternative minimum tax (AMT) in Notice 2024-10 and said it expects that proposed regulations to be released in 2024 will be consistent ...

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a minimum level of tax, regardless of deductions and credits that might otherwise ...

Yes. There are two factors that contribute to the imposition of AMT. There are “exclusion items” and “deferral items.” Examples of an exclusion item include miscellaneous itemized deductions and state ...

In addition to regular income tax, the alternative minimum tax (AMT) is an additional tax that certain taxpayers must pay. In theory, the purpose of AMT is to prevent high income taxpayers from taking ...

WASHINGTON — Congressional members on both sides of the aisle are looking at using the alternative minimum tax debate to lead the way to a plan for tax simplification. “The AMT could be the challenge ...

San Francisco moved up to fifth place in this year's ranking by Turbo Tax Online of America's Top 10 Tax Procrastinating Cities in America. Followed close behind at No. 6 was San Diego. (Houston was ...

The alternative minimum tax (AMT) is a separate tax system that makes sure people with high incomes still pay some tax, even if they have a lot of deductions. It removes some common deductions, like ...