The One Big Beautiful Bill Act (OBBBA) ensures the permanence of higher exemption amounts and phase-out thresholds for the Alternative Minimum Tax (AMT), initially set by the 2017 Tax Cuts and Jobs ...
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 ...
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