The Alternative Minimum Tax (AMT) is a separate tax calculation that applies to higher-income taxpayers who use certain deductions or credits. The IRS requires some people to calculate their taxes two ways—the regular method and the AMT method—and pay whichever amount is higher. This affects your filing if you have significant deductions, investment income, or exercise stock options.
These articles explain what triggers an AMT calculation, which deductions and credits the AMT limits or disallows, how to complete Form 6251, and what to do if you owe AMT. You'll find answers to questions like whether your situation requires an AMT calculation, how it changes your tax bill, and what records you need to keep.
- How to Calculate Your Alternative Minimum Tax Step by StepLearn about How to Calculate Your Alternative Minimum Tax Step by Step
- How to Calculate Your Alternative Minimum Tax Step by StepLearn about How to Calculate Your Alternative Minimum Tax Step by Step
- How to Calculate Your Alternative Minimum Tax Step by StepLearn about How to Calculate Your Alternative Minimum Tax Step by Step
- How the Alternative Minimum Tax Calculation WorksLearn about How the Alternative Minimum Tax Calculation Works
- What the Alternative Minimum Tax Actually Costs YouLearn about What the Alternative Minimum Tax Actually Costs You
- Strategies to Reduce or Avoid the Alternative Minimum TaxLearn about Strategies to Reduce or Avoid the Alternative Minimum Tax
- How to Calculate Your Alternative Minimum Tax Step by StepLearn about How to Calculate Your Alternative Minimum Tax Step by Step
- Step-by-Step: How to Calculate Your Alternative Minimum TaxLearn about Step-by-Step: How to Calculate Your Alternative Minimum Tax
- How to Calculate Your Alternative Minimum TaxLearn about How to Calculate Your Alternative Minimum Tax
- Strategies to Reduce Your Alternative Minimum Tax BurdenLearn about Strategies to Reduce Your Alternative Minimum Tax Burden
- Strategies to Lower Your Alternative Minimum Tax BillLearn about Strategies to Lower Your Alternative Minimum Tax Bill
- How the Alternative Minimum Tax Works and Who It AffectsLearn about How the Alternative Minimum Tax Works and Who It Affects
- How the Alternative Minimum Tax Works and Who Pays ItLearn about How the Alternative Minimum Tax Works and Who Pays It
- How the Alternative Minimum Tax Exemption Protects Your IncomeLearn about How the Alternative Minimum Tax Exemption Protects Your Income
- How the Alternative Minimum Tax Works and Who It Affects
- What the Alternative Minimum Tax Is and Why It ExistsLearn about What the Alternative Minimum Tax Is and Why It Exists
- How the Alternative Minimum Tax Works and Who It AffectsLearn about How the Alternative Minimum Tax Works and Who It Affects
- What the Alternative Minimum Tax Is and How It WorksLearn about What the Alternative Minimum Tax Is and How It Works
- How the Alternative Minimum Tax Exemption Protects You From AMTLearn about How the Alternative Minimum Tax Exemption Protects You From AMT
- What Income and Deductions Trigger the Alternative Minimum TaxLearn about What Income and Deductions Trigger the Alternative Minimum Tax
- What Income and Deductions Trigger the Alternative Minimum TaxLearn about What Income and Deductions Trigger the Alternative Minimum Tax
- How the Alternative Minimum Tax Works and Who It AffectsLearn about How the Alternative Minimum Tax Works and Who It Affects
- How the Alternative Minimum Tax Works and Who It AffectsLearn about How the Alternative Minimum Tax Works and Who It Affects
- When the Alternative Minimum Tax Applies to Your ReturnLearn about When the Alternative Minimum Tax Applies to Your Return
- Who Has to Pay Alternative Minimum TaxLearn about Who Has to Pay Alternative Minimum Tax
- Who Pays the Alternative Minimum Tax and WhyLearn about Who Pays the Alternative Minimum Tax and Why
- Who Actually Pays the Alternative Minimum TaxLearn about Who Actually Pays the Alternative Minimum Tax