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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

   Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

4. Individual shared responsibility provision - Wikipedia

   en.wikipedia.org/wiki/Individual_shared...

   The worksheets located in the instructions [15] to Form 8965, Health Coverage Exemptions, could be used to figure the shared responsibility payment amount that was due while still in effect. The annual payment amount was a percentage of the household income in excess of the return filing threshold or a flat dollar amount, whichever was greater.

5. Form 1040 - Wikipedia

   en.wikipedia.org/wiki/Form_1040

   Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government.

6. A Step-by-Step Taxes Guide for Those Filing for the First Time

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   Please note that the The IRS has announced that the federal income tax deadline for individuals is May 17, 2021 for the 2020 tax year. ... if you owe $3,400 in federal income tax but get a $1,000 ...

7. The 2025 tax brackets are here. How much will you owe? - AOL

   www.aol.com/finance/2025-tax-brackets-much-owe...

   The IRS just released its inflation-adjusted tax brackets for 2025 — and it’s the smallest increase in four years. Income thresholds for each tax bracket will rise by about 2.8% in the new ...