Roughly speaking, the credit amount is the difference between the AMT computed with and without the deferral item of preference. If you were unfortunate enough to have been affected by the alternative minimum tax (AMT) in a prior year, then you may have a carryover of an unused minimum tax credit.
Freebase(1.00 / 1 vote)Rate this definition: Vulgarity is the quality of being common, coarse, or unrefined. This judgement may refer to language, visual art, social classes, or social climbers.
Professor Herman's definition of Vulgar Latin is certainly the best; it is just a collective label, available for use to refer to all those features of the Latin language that are known to have existed, from textual attestations and incontrovertible reconstrucÂ­ tions, but that were not recommended by the grammarians.