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Cross references

For provisions providing that certain credits are not allowable against the tax imposed by this section, see sections 30C(d)(2) and 38(c).

in view

Whole section

▸rulespec code

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statutes/26/55.yaml

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Rules

amt_lower_rate

Parameter

source: 26 USC 55(b)(1)(A)(i)

- name: amt_lower_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 55(b)(1)(A)(i)
  versions:
    - effective_from: '2026-01-01'
      formula: '0.26'

amt_higher_rate

Parameter

source: 26 USC 55(b)(1)(A)(ii)

- name: amt_higher_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 55(b)(1)(A)(ii)
  versions:
    - effective_from: '2026-01-01'
      formula: '0.28'

amt_exemption_phaseout_rate

Parameter

source: 26 USC 55(d)(4)(A)(ii)(IV)

- name: amt_exemption_phaseout_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 55(d)(4)(A)(ii)(IV)
  versions:
    - effective_from: '2026-01-01'
      formula: '0.50'

amt_excluded_deductions

Derived

source: 26 USC 55(b)(2)(D), 26 USC 56(b)(1)(D)

- name: amt_excluded_deductions
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(2)(D), 26 USC 56(b)(1)(D)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if tax_unit_itemizes:
            salt_deduction + misc_deduction
        else:
            standard_deduction

amt_separate_addition

Derived

source: 26 USC 55(d)(2), 55(d)(4)(A)(ii)(IV)

- name: amt_separate_addition
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d)(2), 55(d)(4)(A)(ii)(IV)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if filing_status == 2:
            min(
                amt_exemption_base_amount,
                amt_exemption_phaseout_rate
                * max(
                    0,
                    taxable_income
                    + amt_excluded_deductions
                    - amt_exemption_complete_phaseout_separate
                )
            )
        else:
            0

amt_income

Derived

source: 26 USC 55(b)(2)(D), 26 USC 56

- name: amt_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(2)(D), 26 USC 56
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        taxable_income
        + amt_excluded_deductions
        + amt_separate_addition
        + exemptions

amt_exemption_phaseout

Derived

source: 26 USC 55(d)(2), 55(d)(4)

- name: amt_exemption_phaseout
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d)(2), 55(d)(4)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        amt_exemption_phaseout_rate
        * max(0, amt_income - amt_exemption_phaseout_start)

amt_exemption_before_kiddie_tax_limit

Derived

source: 26 USC 55(d)

- name: amt_exemption_before_kiddie_tax_limit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d)
  versions:
    - effective_from: '2026-01-01'
      formula: max(0, amt_exemption_base_amount - amt_exemption_phaseout)

amt_kiddie_tax_exemption_limit

Derived

source: 26 USC 59(j), Rev. Proc. 2025-32 section 3.11

- name: amt_kiddie_tax_exemption_limit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 59(j), Rev. Proc. 2025-32 section 3.11
  versions:
    - effective_from: '2026-01-01'
      formula: filer_adjusted_earnings + amt_kiddie_tax_exemption_addition

amt_exemption

Derived

source: 26 USC 55(d), 26 USC 59(j)

- name: amt_exemption
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d), 26 USC 59(j)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if amt_kiddie_tax_applies:
            min(
                amt_exemption_before_kiddie_tax_limit,
                amt_kiddie_tax_exemption_limit
            )
        else:
            amt_exemption_before_kiddie_tax_limit

amt_income_for_exemption_offset

Derived

source: 26 USC 55(b)(1)(B), 26 USC 59(j)

- name: amt_income_for_exemption_offset
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(B), 26 USC 59(j)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if amt_kiddie_tax_applies:
            taxable_income
        else:
            amt_income

amt_income_less_exemptions

Derived

source: 26 USC 55(b)(1)(B), 55(d), 26 USC 59(j)

- name: amt_income_less_exemptions
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(B), 55(d), 26 USC 59(j)
  versions:
    - effective_from: '2026-01-01'
      formula: max(0, amt_income_for_exemption_offset - amt_exemption)

amt_lower_base_tax

Derived

source: 26 USC 55(b)(1)(A)(i)

- name: amt_lower_base_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A)(i)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        amt_lower_rate
        * min(amt_income_less_exemptions, amt_twenty_eight_percent_threshold)

amt_higher_base_tax

Derived

source: 26 USC 55(b)(1)(A)(ii)

- name: amt_higher_base_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A)(ii)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        amt_higher_rate
        * max(
            0,
            amt_income_less_exemptions - amt_twenty_eight_percent_threshold
        )

amt_base_tax

Derived

source: 26 USC 55(b)(1)(A)

- name: amt_base_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A)
  versions:
    - effective_from: '2026-01-01'
      formula: amt_lower_base_tax + amt_higher_base_tax

amt_tax_before_foreign_tax_credit

Derived

source: 26 USC 55(b)(1)(A), 55(b)(3)

- name: amt_tax_before_foreign_tax_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A), 55(b)(3)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if amt_part_iii_required:
            min(amt_base_tax, amt_tax_including_capital_gains)
        else:
            amt_base_tax

alternative_minimum_tax

Derived

source: 26 USC 55(a), 55(b)(1)(A)

- name: alternative_minimum_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(a), 55(b)(1)(A)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        max(
            0,
            (
                amt_tax_before_foreign_tax_credit
                - alternative_minimum_tax_foreign_tax_credit
            )
            - max(
                0,
                regular_tax_before_credits
                + capital_gains_tax
                - alternative_minimum_tax_foreign_tax_credit
                - form_4972_lumpsum_distributions
            )
        )

income_tax_before_credits

Derived

source: 26 USC 1 and 55(a)

- name: income_tax_before_credits
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1 and 55(a)
  versions:
    - effective_from: '2026-01-01'
      formula: income_tax_main_rates + capital_gains_tax + alternative_minimum_tax

▸citations (1)

References

This rule cites 1 other rule.

26 USC § 30C (d)(2)inferredUS Federal › Statutes › Title 26 › § 30C › (d)(2)

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us/statute/26/55/c/3 — Cross references · Axiom

Cross references

Official source

For provisions providing that certain credits are not allowable against the tax imposed by this section, see sections 30C(d)(2) and 38(c).

in view

Whole section

▸rulespec code

Shown source

statutes/26/55.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/55; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

amt_lower_rate

Parameter

source: 26 USC 55(b)(1)(A)(i)

- name: amt_lower_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 55(b)(1)(A)(i)
  versions:
    - effective_from: '2026-01-01'
      formula: '0.26'

amt_higher_rate

Parameter

source: 26 USC 55(b)(1)(A)(ii)

- name: amt_higher_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 55(b)(1)(A)(ii)
  versions:
    - effective_from: '2026-01-01'
      formula: '0.28'

amt_exemption_phaseout_rate

Parameter

source: 26 USC 55(d)(4)(A)(ii)(IV)

- name: amt_exemption_phaseout_rate
  kind: parameter
  dtype: Rate
  source: 26 USC 55(d)(4)(A)(ii)(IV)
  versions:
    - effective_from: '2026-01-01'
      formula: '0.50'

amt_excluded_deductions

Derived

source: 26 USC 55(b)(2)(D), 26 USC 56(b)(1)(D)

- name: amt_excluded_deductions
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(2)(D), 26 USC 56(b)(1)(D)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if tax_unit_itemizes:
            salt_deduction + misc_deduction
        else:
            standard_deduction

amt_separate_addition

Derived

source: 26 USC 55(d)(2), 55(d)(4)(A)(ii)(IV)

- name: amt_separate_addition
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d)(2), 55(d)(4)(A)(ii)(IV)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if filing_status == 2:
            min(
                amt_exemption_base_amount,
                amt_exemption_phaseout_rate
                * max(
                    0,
                    taxable_income
                    + amt_excluded_deductions
                    - amt_exemption_complete_phaseout_separate
                )
            )
        else:
            0

amt_income

Derived

source: 26 USC 55(b)(2)(D), 26 USC 56

- name: amt_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(2)(D), 26 USC 56
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        taxable_income
        + amt_excluded_deductions
        + amt_separate_addition
        + exemptions

amt_exemption_phaseout

Derived

source: 26 USC 55(d)(2), 55(d)(4)

- name: amt_exemption_phaseout
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d)(2), 55(d)(4)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        amt_exemption_phaseout_rate
        * max(0, amt_income - amt_exemption_phaseout_start)

amt_exemption_before_kiddie_tax_limit

Derived

source: 26 USC 55(d)

- name: amt_exemption_before_kiddie_tax_limit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d)
  versions:
    - effective_from: '2026-01-01'
      formula: max(0, amt_exemption_base_amount - amt_exemption_phaseout)

amt_kiddie_tax_exemption_limit

Derived

source: 26 USC 59(j), Rev. Proc. 2025-32 section 3.11

- name: amt_kiddie_tax_exemption_limit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 59(j), Rev. Proc. 2025-32 section 3.11
  versions:
    - effective_from: '2026-01-01'
      formula: filer_adjusted_earnings + amt_kiddie_tax_exemption_addition

amt_exemption

Derived

source: 26 USC 55(d), 26 USC 59(j)

- name: amt_exemption
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(d), 26 USC 59(j)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if amt_kiddie_tax_applies:
            min(
                amt_exemption_before_kiddie_tax_limit,
                amt_kiddie_tax_exemption_limit
            )
        else:
            amt_exemption_before_kiddie_tax_limit

amt_income_for_exemption_offset

Derived

source: 26 USC 55(b)(1)(B), 26 USC 59(j)

- name: amt_income_for_exemption_offset
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(B), 26 USC 59(j)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if amt_kiddie_tax_applies:
            taxable_income
        else:
            amt_income

amt_income_less_exemptions

Derived

source: 26 USC 55(b)(1)(B), 55(d), 26 USC 59(j)

- name: amt_income_less_exemptions
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(B), 55(d), 26 USC 59(j)
  versions:
    - effective_from: '2026-01-01'
      formula: max(0, amt_income_for_exemption_offset - amt_exemption)

amt_lower_base_tax

Derived

source: 26 USC 55(b)(1)(A)(i)

- name: amt_lower_base_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A)(i)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        amt_lower_rate
        * min(amt_income_less_exemptions, amt_twenty_eight_percent_threshold)

amt_higher_base_tax

Derived

source: 26 USC 55(b)(1)(A)(ii)

- name: amt_higher_base_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A)(ii)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        amt_higher_rate
        * max(
            0,
            amt_income_less_exemptions - amt_twenty_eight_percent_threshold
        )

amt_base_tax

Derived

source: 26 USC 55(b)(1)(A)

- name: amt_base_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A)
  versions:
    - effective_from: '2026-01-01'
      formula: amt_lower_base_tax + amt_higher_base_tax

amt_tax_before_foreign_tax_credit

Derived

source: 26 USC 55(b)(1)(A), 55(b)(3)

- name: amt_tax_before_foreign_tax_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(b)(1)(A), 55(b)(3)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        if amt_part_iii_required:
            min(amt_base_tax, amt_tax_including_capital_gains)
        else:
            amt_base_tax

alternative_minimum_tax

Derived

source: 26 USC 55(a), 55(b)(1)(A)

- name: alternative_minimum_tax
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 55(a), 55(b)(1)(A)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        max(
            0,
            (
                amt_tax_before_foreign_tax_credit
                - alternative_minimum_tax_foreign_tax_credit
            )
            - max(
                0,
                regular_tax_before_credits
                + capital_gains_tax
                - alternative_minimum_tax_foreign_tax_credit
                - form_4972_lumpsum_distributions
            )
        )

income_tax_before_credits

Derived

source: 26 USC 1 and 55(a)

- name: income_tax_before_credits
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1 and 55(a)
  versions:
    - effective_from: '2026-01-01'
      formula: income_tax_main_rates + capital_gains_tax + alternative_minimum_tax

▸citations (1)

References

This rule cites 1 other rule.

26 USC § 30C (d)(2)inferredUS Federal › Statutes › Title 26 › § 30C › (d)(2)