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.
For all of you vulgar people it can also mean the abbreviation for Unified National Fine (as in thread of a mechanical device that has a spiral groove cut in it for holding and fastening things together, most times called a screw that has no connotations to vulgarity.