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The prior year minimum tax credit is a credit for alternative minimum tax (AMT) that you paid in a prior year. If you don't owe AMT for the tax year, but you paid AMT in one or more previous years, you may be eligible to take a credit for prior year minimum tax.

The Prior-Year Minimum Tax Credit lets you get back money you paid as an Alternative Minimum Tax (AMT) in a prior year. You can only claim this credit in a year when you don't have to pay AMT. You can't use the credit to reduce your AMT liability in the future.

The prior year minimum tax credit is a credit for alternative minimum tax (AMT) that you paid in a prior year. If you don't owe AMT for the tax year, but you paid AMT in one or more previous years, you may be eligible to take a credit for prior year minimum tax.

Determine your AMT credit. Subtract the amount of AMT credit that you calculated on Form 8801, combined with any AMT credit you have carried forward from previous tax years, from your calculated regular tax for the current year. The amount you calculate equals the amount you can claim as a credit for this tax year.

In 2018, the actual AMT Credit would be refundable to the extent of 50 percent of the AMT Credit carryover of $12 million, or $6 million. The refundable amounts in future years would be $3 million in 2019, $1.5 million in 2020, $750 thousand in 2021 and $750 thousand in 2022.

Purpose of Form Use Form 8801 if you are an individual, estate, or trust to figure the minimum tax credit, if any, for alternative minimum tax (AMT) you incurred in prior tax years and to figure any credit carryforward to 2019.

The Form 1NPR and instructions can be downloaded from our website . Gross income means all income (before deducting expenses) reportable to Wisconsin which you received in the form of money, property, or services. ... For additional filing requirements, please see page 4 of the Form 1NPR instructions.

If you are a nonresident or part-year resident of Wisconsin and your Wisconsin gross income (or the combined gross income of you and your spouse) is $2,000 or more, you must file a Form 1NPR, Nonresident and Part-Year Resident Income Tax Return.

You can claim the renter's credit if you paid rent during 2017 for living quarters that you used as your primary residence. The Renter's Credit is a maximum of $300, and it's based on the amount of rent paid.

To obtain an extension only for Wisconsin, you must attach a statement to your Wisconsin income tax return indicating you wish to take the federal Form 4868 extension provision or attach a copy of the federal Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, with only the ...

You are required to file a Wisconsin income tax return if your Wisconsin gross income is $2,000 or more. Gross income means income before deducting expenses. While net income reported to you may be less than $2,000, gross income may be over that amount, requiring that a Wisconsin income tax return be filed.

If you are a nonresident or part-year resident of Wisconsin and your Wisconsin gross income (or the combined gross income of you and your spouse) is $2,000 or more, you must file a Form 1NPR, Nonresident and Part-Year Resident Income Tax Return.

The Internal Revenue Service and the Wisconsin Department of Revenue will accept electronically filed income tax returns for tax year 2018 on January 28, 2019. The department's free Wisconsin e-file application is available for use on or after January 28, 2019.

Overview of Wisconsin Taxes The tax rates, which range from 4% to 7.65%, are dependent on income level and filing status.

Yes. All income received by a Wisconsin resident is reportable to Wisconsin regardless of where it is earned. Wisconsin allows a credit for the net income tax you pay to other states on income that is taxed by both Wisconsin and the other state. ... Attach a copy of the other state's income tax return.