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  2. What Is the Alternative Minimum Tax and Will It Cost ... - AOL

    www.aol.com/alternative-minimum-tax-cost-big...

    You claim a general business credit and either line 6 of Form 3800 or line 25 of Form 3800 is more than zero. You claim the qualified electric vehicle credit on Form 8834 .

  3. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Standard deduction. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [ 1] but usually choose whichever results in the ...

  4. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  5. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    Personal exemption. Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations.

  6. AOL Mail

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    You can find instant answers on our AOL Mail help page. Should you need additional assistance we have experts available around the clock at 800-730-2563.

  7. IRS Form 6251: Alternative Minimum Tax (AMT) - AOL

    www.aol.com/finance/irs-form-6251-alternative...

    Here's a step-by-step breakdown of how Form 6251 is used to calculate your AMT liability: Enter your taxable income on IRS Form 1040 or 1040-SR from line 15 after subtracting lines 12 and 13 from ...

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