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.
Brevity is the Soul of Wit  The proverb 'brevity is the soul of wit' means that articulate and  intelligent communication (speech and writing) should use few and  wisely ch â¦ osen words. It is associated with the play 'Hamlet,' by  William Shakespeare.revity is the Soul of Wit  The proverb 'brevity is the soul of wit' means that articulate and  intelligent communication (speech and writing) should use few and  wisely ch â¦ osen words. It is associated with the play 'Hamlet,' by  William Shakespeare.