What Is The Alternative Minium Tax (AMT)?

In the recent election there was a lot of talk about increasing taxes (don't worry, this isn't a political video). And one of the terms that was discussed frequently is Alternative Minimum Tax, or AMT. But what is Alternative Minimum Tax? Check out our video and see. Topics covered include:
- Why the AMT was created
- Tax deductions that are not allowable under AMT calculations
- Exempted income and the AMT exemption phase-out
And much more! And if you're interested in learning even more about taxes, check out some of our past videos such as:
****How Are Taxes Calculated****
• How Are Taxes Calculated?
****What Is A PreTax Deduction****
• What Is A Pretax Deduc...
****How Do Retirement Accounts Work****
• How Do Retirement Acco...
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Securities and Investment Advisory Services offered through Royal Alliance Associates, Inc., Member FINRA, SIPC. Royal Alliance Associates, Inc. is separately owned and other entities and/or marketing names, products or services referenced here are independent of Royal Alliance Associates, Inc.