The AMT applies only to taxpayers with a significant amount of tax preference items.

Name: The AMT applies only to taxpayers with a significant amount of tax preference items.
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The Alternative Minimum Tax (AMT) applies to taxpayers who have a high income by adding certain tax preference items back into their taxable income, but it's not limited only to those with significant amounts of these items. It can also affect those with large deductions or exclusions relative to their income.

The AMT Applies Only to Taxpayers with a Significant Amount