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.
vulgarism, In the study of language and literary style, a vulgarism is an expression or usage considered non-standard or characteristic of uneducated speech or Cookies help us deliver our services. By using our services, you agree to our use of cookies.