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, conciseness refer to the use of few words in speaking. Brevity emphasizes the short duration of speech: a response reduced to extreme brevity. Conciseness emphasizes compactness of expression: Her prose is clear in spite of great conciseness.