The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

This separate tax was created to make sure certain high-income taxpayers accounted for their fair share. In recent years, however, it applied to many middle-income and upper-middle-income filers, ...

What Is Retirement Income Tax? Retirement income tax refers to the portion of an individual's income that is subject to taxation during their retirement years. While many people assume that retirement ...