Home | Site Map | Cisco How ToNet How To | Wireless |Search | Forums | Services | Donations | Careers | About Us | Contact Us|

How do I know if I have to pay AMT?

Tablet, Smart Phone, other Internet devices

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.


Networking, Internet, Routing, VPN Troubleshooting on http://www.ChicagoTech.net
How to Setup Windows, Network, VPN & Remote Access on http://www.HowToNetworking.com
Site Admin
Posts: 7148
Joined: Mon Nov 27, 2006 1:24 pm
Location: Chicago USA

Return to Do-It-Yourself

Your Ad Here

Who is online

Users browsing this forum: No registered users and 3 guests