California FTB Updates AMT Credit Instructions for 2025 Tax Year

The California Franchise Tax Board (FTB) has released a public service bulletin announcing updates to the instructions for computing the credit for prior year alternative minimum tax (AMT) for the taxable year 2025. The updated instructions state that taxpayers are no longer required to reduce their prior year AMT by any credits that were used to lower it when calculating the minimum tax credit. [Cal. Franchise Tax Bd., Public Service Bulletin 26-02, 02/13/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.