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.
Talk:Vulgarism - Merging of Vulgarism and Vulgar. 1  Vulgarism and Vulgar should be merged (bet you didn't see that one coming). 2  I agree, they are pretty much exactley the same thing. 3  Based on what seems to be a consensus, starting merge of Vulgar into Vulgarism. 4  Merge is done, but still can be cleaned up.