The alternative minimum tax (AMT) can reduce or eliminate the benefit of the standard deduction for certain taxpayers, particularly those with higher incomes or specific types of tax-preference items.

The alternative minimum tax, or AMT, is a supplemental income tax in the United States designed to make sure that the wealthy pay their fair share of federal income taxes. The AMT allows fewer ...

Exempt-interest dividends, typically distributed by municipal bond funds, are generally not subject to federal income tax, but they can be impacted by the alternative minimum tax (AMT) . Certain ...