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  2. IRS Form 6251: Alternative Minimum Tax (AMT) - AOL

    www.aol.com/finance/irs-form-6251-alternative...

    IRS Form 6251, titled Alternative Minimum Tax-Individuals, determines how much alternative minimum tax (AMT) you could owe. In order for wealthy individuals to pay their fair share of income tax ...

  3. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges.

  4. What Is the Alternative Minimum Tax and Will It Cost You Big ...

    www.aol.com/alternative-minimum-tax-cost-big...

    The IRS uses Form 6251 as the alternative minimum tax ... you must attach the Alternative Minimum Tax, Form 6251 to your tax return if any of ... The 22 best Hanukkah gifts of 2024. See all deals ...

  5. Tax Credits or Tax Deductions: Which Will Save You More? - AOL

    www.aol.com/tax-credits-tax-deductions-save...

    For 2024, the tax brackets are: ... Exemptions for the alternative minimum tax increase, which helps more taxpayers to avoid it. ... The IRS website, ...

  6. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  7. Rate schedule (federal income tax) - Wikipedia

    en.wikipedia.org/wiki/Rate_schedule_(federal...

    The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").

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