Alternative Minimum Tax "Alternative minimum tax" or "AMT" is a federal tax designed to prevent wealthy taxpayers from paying their fair share of taxes by way of various tax deductions. For individuals, the AMT is calculated by adding "Adjusted Gross Income" to various tax preference items.   Top Searched Terms Adjustable-Rate Mortgage Bond Yield Durable Power of Attorney for Healthcare EBITDA ETF FICO Score   Foreclosure Jumbo CD Like-Kind Property Mutual Fund P/E Ratio Probate                            Browse Glossary : A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z   All Top Finance Articles What Is a Joint Tenancy with Right of Survivorship (JTWROS)? Are Occasional Drivers Covered On Your Insurance Policy? How to Set up a Budget How Long Do I Have to Roll Over My 401(k) after Leaving My Company? Part-Time Work after Retirement All Personal Finance Articles

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