Nonrefundable personal credits are permitted to offset the AMT.

Question

Quizplus · Accepted Answer

Nonrefundable personal credits, such as the child tax credit and the dependent care credit, can offset the alternative minimum tax (AMT). This means that taxpayers who are subject to the AMT may still be able to benefit from these credits to reduce their overall tax liability. However, it is important to note that certain credits, such as the foreign tax credit, are not allowed to offset the AMT.

Nonrefundable Personal Credits Are Permitted to Offset the AMT