tax preference item

noun

: an item (as an amount of depreciation) favorable to a taxpayer in the ordinary computation of tax liability that is taxed in the computation of alternative minimum tax

Dictionary Entries Near tax preference item

Cite this Entry

“Tax preference item.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/tax%20preference%20item. Accessed 21 Mar. 2023.

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