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What is Alternative Minimum Tax AMT Video Form

What is Alternative Minimum Tax AMT Video Form

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so what is alternative minimum tax minimum tax essentially limits the amount of tax advantages incentives that you will are able to take advantage of essentially what happens there are triggers that will cause alternative minimum tax to be calculated within your tax return and we'll get into what those are essentially what happens easier to your federal taxes calculated under the normal method and then your federal taxes calculated by the use of the alternative minimum tax limit if the minimum tax owing is higher than the amount of federal tax only what she would have been unable to utilize if you use all your credits and deductions the minimum taxes trigger so essentially in summary if you've taken advance with too many credits and deductions the federal government will step in and say you have to pay a minimum amount of tax and the tax bill could go out [Music]

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