What Is The Alternative Minimum Tax (AMT)? ShareThe AMT is a separate tax system that limits the benefits of certain deductions and credits to ensure that high-income taxpayers pay a minimum amount of tax. Frequently Asked Questions - Personal Taxes5 Steps To Take Before You Prepare Your TaxesAre Taxes Being Delayed in 2022?Can I Claim My Stimulus Check On My Tax Return?Can I Deduct Charitable Contributions On My Tax Return?Can I Deduct My Home Office On My Tax Return?Can I Still File My Taxes If I Missed The Deadline?Can You Prepare My Taxes?