The alternative minimum tax (AMT) was enacted back in 1969 to ensure high-income individuals do not take advantage of multiple tax breaks and avoid paying federal tax.
Alternative Minimum Tax Calculations
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The alternative minimum tax (AMT) was enacted back in 1969 to ensure high-income individuals do not take advantage of multiple tax breaks and avoid paying federal tax.
If you have made energy saving improvementsto your home in 2016, you may be able to take residential energy credits to reduce your income tax due.
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