Minimum Tax Income

It helps to ensure that those taxpayers pay at least a minimum amount of tax. You will be subject to the Alternative Minimum Tax AMT You earned 10828 or more from a tax-exempt church or church-controlled organization.

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556 Alternative Minimum Tax.

Minimum tax income. Under the tax law certain tax benefits can significantly reduce a taxpayers regular tax amount. You owe Social Security and Medicare tax on unreported tip income. The alternative minimum tax AMT applies to taxpayers with high economic income by setting a limit on those benefits.

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