For alternative minimum tax purposes, taxpayers are allowed to deduct state income taxes but are not allowed to deduct charitable contributions.
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Q8: If both spouses of a married couple
Q9: The alternative minimum tax system requires taxpayers
Q10: Due to the alternative minimum tax rate
Q11: Regular taxable income is the starting point
Q12: The alternative minimum tax (AMT)is the AMT
Q14: In certain circumstances a child with very
Q15: Long-term capital gains are taxed at the
Q16: Tax rate schedules are provided for use
Q17: Taxpayers are not allowed to deduct the
Q18: The kiddie tax does not apply to
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