How to Claim AMT Credit?

Answer Created in 1969, the purpose of the Alternative Minimum Tax (AMT) is to make sure that high-income taxpayers who enjoy special credits and tax deductions pay at least a set minimum tax every year. ... Read More »

Top Q&A For: How to Claim AMT Credit

How to Claim Disabled Access Credit?

Learn how to claim disabled access credit to negate expenditures incurred for the purpose of access to your business to individuals that have a disability. Your small business has to have earned le... Read More »

How to Claim a Child Tax Credit in BC, Canada?

Parents in British Columbia living with children younger than 18 years old are eligible to receive the Canada Child Tax Benefit. This is a monthly payment made to parents to help them meet the fina... Read More »

Can I claim a sales tax credit without itemizing?

On One Hand: Itemizing is RequiredIn general, you must itemize your deductions using schedule A in order to claim a tax deduction for state and local sales taxes that you paid. In addition, you can... Read More »

Can I claim bankruptcy to eliminate credit card debt?

On One Hand: Chapter 7 LiquidationChapter 7 bankruptcy, referred to as liquidation bankruptcy, eliminates almost all credit card debt that exists as of the date when you file for bankruptcy. In leg... Read More »