AMT Calculator
Calculate your Alternative Minimum Tax (AMT) liability
Regular Tax
AMT Tax
Additional AMT Due
AMT Calculation Breakdown
Understanding the Alternative Minimum Tax (AMT)
The Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure that high-income taxpayers pay a minimum amount of tax. It recalculates income tax after adding certain tax preference items back into adjusted gross income.
Common AMT Triggers
- High state and local tax deductions
- Large miscellaneous itemized deductions
- Personal exemptions (for tax years before 2018)
- Incentive stock options (ISOs)
- Private activity bond interest
- Depreciation differences
AMT Exemption Amounts (2024)
- Single: $81,300
- Married Filing Jointly: $126,500
- Married Filing Separately: $63,250
- Head of Household: $81,300
Note: This calculator provides estimates based on simplified AMT calculations for tax year 2024. Actual AMT liability may vary based on specific circumstances, additional preference items, and phase-out rules. Consult with a tax professional for accurate tax planning and AMT liability assessment.
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