Individual Income Tax Filing: Total Income Tax, Alternative Minimum Tax, Number of Returns: 4634300 Number as of 01-01-2016

Annual , not seasonally adjusted . 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.

TBD
Category, Region, Data Source: https://www.irs.gov/

Chart

Stats

Last Value 4634300 Number
Latest Period 2016-01-01
Last Updated 2018-12-19 13:31:02-06
Frequency a
Average Growth Rate 10.85
Long Term Average 3359050
Value from 1 Year Ago 4467810
Change from 1 Year Ago 3.73
Unit Number
Adjustment Number

Related Indicators