alternative minimum tax
noun
: a U.S. federal income tax that was originally imposed to prevent wealthy taxpayers from using tax shelters to avoid paying taxes, that excludes many deductions and exemptions allowed in computing regular tax liability, and that must be paid instead of the regular tax liability by individuals and businesses whose alternative minimum tax liability is greater than their regular tax liability
Examples of alternative minimum tax in a Sentence
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Estimated tax is used to pay not only income tax, but other taxes such as self-employment tax and alternative minimum tax.
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Nicholas Creel, MSNBC Newsweek, 18 Apr. 2025
The alternative minimum tax and a version of the SALT cap for corporations will also be important.
—Emily Brooks, The Hill, 11 Jan. 2025
Repeal of the alternative minimum tax (AMT): The AMT for corporations was eliminated, reducing potential tax liabilities for large businesses.
—Andrew Leahey, Forbes, 17 Mar. 2025
Legislators often are not fully cognizant of the unintended consequences of tax legislation, including BEAT provisions, alternative minimum tax provisions and corporate tax rates.
—George Strobel, Forbes, 20 Feb. 2025
See All Example Sentences for alternative minimum tax
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Nicholas Creel, MSNBC Newsweek, 18 Apr. 2025
The alternative minimum tax and a version of the SALT cap for corporations will also be important.
—Emily Brooks, The Hill, 11 Jan. 2025
Repeal of the alternative minimum tax (AMT): The AMT for corporations was eliminated, reducing potential tax liabilities for large businesses.
—Andrew Leahey, Forbes, 17 Mar. 2025
Legislators often are not fully cognizant of the unintended consequences of tax legislation, including BEAT provisions, alternative minimum tax provisions and corporate tax rates.
—George Strobel, Forbes, 20 Feb. 2025
See All Example Sentences for alternative minimum tax
Cite this Entry
“Alternative minimum tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/alternative%20minimum%20tax. Accessed 1 May. 2025.
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