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Individual Income Tax Filing: Total Income Tax: Alternative Minimum Tax (AMTXCT)

Observation:

2014: 4,277,624  
Updated: May 2, 2017

Units:

Number of Returns,
Not Seasonally Adjusted

Frequency:

Annual
1Y | 5Y | 10Y | Max
fullscreen

NOTES

Source: U.S. Department of the Treasury. Internal Revenue Service  

Release: SOI Tax Stats - Historical Data Tables  

Units:  Number of Returns, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Under "alternative minimum tax" (AMT), generally high-income taxpayers to whom the tax applied were required to pay the larger of the regular income tax or the AMT. As of 2013, examples of preferences or adjustments subject to recapture through the AMT were accelerated depreciation, incentive stock options, certain itemized deductions, personal exemptions, certain tax-exempt interest, and income loss from tax-shelter farm or "passive" investment activities. AMT is shown separately in the statistics for all years. However, starting with 2000, AMT is also included in "income tax before credits," as well as in "income tax after credits" and "total income tax." Previously, AMT was only included in "total income tax."

For additional information about the return filing requirements, see the annual reports, Statistics of Income-Individual Income Tax Returns at https://www.irs.gov/uac/soi-tax-stats-historical-data-tables.

Suggested Citation:

U.S. Department of the Treasury. Internal Revenue Service, Individual Income Tax Filing: Total Income Tax: Alternative Minimum Tax [AMTXCT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/AMTXCT, December 17, 2018.

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