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.
To use a vulgarism which is stripped of its vulgarity if employed reverently, as I would do it -- we know where to have Him. Expositions of Holy Scripture Isaiah and Jeremiah Just because Dawg is a jerk does not make Chiapas a sak-o-xit, a poorly phrased vulgarism if there ever was one.