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How do I know if I have to pay AMT?

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How do I know if I have to pay AMT?

Postby chicagotech » Fri Dec 22, 2017 2:39 pm

AMT (Alternative Minimum Tax) is designed to prevent taxpayers from escaping their fair share of tax liability through certain tax breaks. Tax benefit may be reduced if you hit Alternative Minimum Tax.

We may have two options: 1. Use Tax software to figure I tout. 2. Use Form 6251 worksheet.
This example is using Form worksheet based on income $165,000, itemized deduction $25,000, married filing jointly. In this example, yes, you need to fill in For 6251 and may owe the AMT.

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