Tax Facts

8575 / Are personal tax credits allowed to offset AMT liability?

Several refundable tax credits, such as the earned income credit and the refundable portion of the child tax credit, are allowed as an offset against AMT liability. Other personal nonrefundable credits also allowed as an offset include:

Adoption tax credit

Child and dependent care credit

Nonrefundable portion of the child tax credit

Certain learning credits

Tax credit for IRAs and retirement plans

Energy saving credits1

1. IRC § 26(a)(2).

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