Examples of use of Amt
1. If the AMT calculation turns out higher than what you owed on Form 1040, you owe AMT tax.
2. The AMT disallows certain deductions and credits.
3. With the clean‘‘ AMT bill, the Senate Democratic leadership seems to realize that the AMT should not be offset,‘‘ he said.
4. The White House did include an AMT fix in this year‘s budget proposal, but assumes more than $500 billion in AMT revenues through 2012.
5. "If Congress fails to pass legislation to fix the AMT, as many as 25 million Americans would be subject to the AMT," Bush said.