Tax Policy Center

AMT

Individual Taxes: TaxVox

Most AMT Taxpayers Paid Lower Taxes After TCJA, Despite SALT Cap

A new Tax Policy Center analysis finds that the vast majority of households that paid the Alternative Minimum Tax (AMT) before the 2017 Tax Cuts...
July 10, 2019Leonard E. Burman
Individual Taxes: TaxVox

Fixing The TCJA: How Should Congress Treat the Alternative Minimum Tax?

Now that Democrats have taken control of the House, some lawmakers are looking for ways to rewrite the 2017 Tax Cuts and Jobs Act. There...
March 19, 2019Robert McClelland
: TaxVox

The Price We Pay for Capping the SALT Deduction

The Tax Cuts and Jobs Act (TCJA) limited the ability of taxpayers to deduct state and local taxes (SALT) from their federal taxable income. New...
February 15, 2018Tracy Gordon
State and Local Issues: TaxVox

State Responses to the TCJA’s SALT Deduction Limit May Be Costly and Favor High-Income Residents

The Tax Cuts and Jobs Act (TCJA) limits the itemized deduction for state and local taxes (SALT) on federal individual income tax returns to $10,000...
January 30, 2018Leonard E. BurmanFrank Sammartino
: TaxVox

How the Corporate AMT Affects Different Industries

The Senate’s last-minute decision to preserve the corporate alternative minimum tax (AMT) has drawn strong opposition from business and its advocates. Its fate now lies...
December 14, 2017Chenxi LuJoseph Rosenberg
: TaxVox

The Senate Would Keep The Individual AMT, But Turn It Into A Very Different Tax

The individual alternative minimum tax (AMT) looks like it may survive yet another tax overhaul. But the latest incarnation of the tax may look very...
December 6, 2017Leonard E. BurmanJoseph Rosenberg
State and Local Issues: TaxVox

The Complex Relationship Between The State And Local Tax Deduction And The Alternative Minimum Tax

The House Republican leadership and the Trump Administration want to repeal the state and local tax (SALT) deduction and the individual Alternative Minimum Tax (AMT)...
June 19, 2017Frank Sammartino
Individual Taxes: TaxVox

Lessons From Donald Trump’s Tax Return And The AMT

It turns out that Donald Trump and I are members of the same club. Who knew? But this one is somewhat less exclusive than, say,...
March 15, 2017Howard Gleckman
Federal Budget and Economy: TaxVox

Bipartisan tax reform is possible: Lessons learned from President Bush’s reform panel

It is presidential primary season and once again the tax code is a punching bag for politicians on both sides of the aisle. Listen to their rhetoric and it’s easy to conclude that the tax policy differences in today’s hyperpartisan political environment are so great that reform is doomed. But it
November 1, 2015Jonathan AckermanRosanne AltshulerJeffrey Kupfer
: TaxVox

Death and Taxes: Certainty and Conflict

The House plans a vote to repeal the estate tax today. Repealing the levy would cut taxes by $270 billion over 10 years for 0.2 percent of the nation’s richest estates. The White House and Democrats are vehemently opposed . The Joint Committee on Taxation estimates that 5,400 estates will face the
April 16, 2015Renu Zaretsky