AMTI

AMTI stands for Alternative Minimum Taxable Income. It is a measure used in the U.S. tax system to ensure that individuals and corporations pay a minimum amount of tax, regardless of deductions, credits, or other tax breaks. Essentially, AMTI recalculates income by adding back certain tax benefits that are typically allowed under regular tax rules. The goal is to prevent high-income earners from avoiding taxes entirely through extensive deductions. Taxpayers calculate both their regular tax and AMTI, paying whichever amount is higher, thus contributing to a fairer tax system.