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<h1>Understanding Alternate Minimum Tax (AMT): Ensuring Minimum Tax Payment Despite Deductions and Credits</h1> Alternate minimum tax (AMT) is a tax system designed to ensure that individuals and entities pay a minimum amount of tax, even if they qualify for various deductions and credits under the regular tax system. For comprehensive details on AMT, refer to resources on 'Minimum Alternate Tax and Alternate Minimum Tax,' which provide manuals, ready reckoners, law and practice guides, reference guides, and quick commentaries.