Tax Preference Item

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August 25, 2024 4 min read Definitions

Tax Preference Item: Insight into Taxation Nuances

Taxation Finance Tax Preference Item Alternative Minimum Tax Tax Deductions Tax Credits Federal Tax Law

Tax Preference Items are special items of income, tax deductions, or tax credits that offer extra benefits according to federal tax laws. These items are subject to Alternative Minimum Tax to ensure fairness in the tax system.

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