The AMT tax rate for individuals is 20%.

AMT Tax Rate

The percentage applied to compute the Alternative Minimum Tax, ensuring that taxpayers pay a minimum amount of tax.

Recognize how the Alternative Minimum Tax (AMT) works and identify tax preference items.

Verified Answer

Final Answer :

False

Explanation :

The AMT tax rate for individuals varies based on their income and deductions, and can range from 26% to 28%. It is not a flat rate of 20%.

Learning Objectives

Recognize how the Alternative Minimum Tax (AMT) works and identify tax preference items.