tax-preference items

tax-preference items definition - legal

n

Those articles that, even though taken as deductions or credits on oneÂ’s tax return, must nonetheless be considered when computing the taxpayerÂ’s alternative minimum tax.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.