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,Created with Sketch.924 helpful votes

Can I claim the AMT (Alternative Minimum Tax) credit?

Although it’s not very common, you might be eligible for the AMT credit on this year’s taxes if you got hit with the AMT in a prior tax year because you exercised ISOs or claimed accelerated depreciation.

You can’t claim this credit for any other AMT-generating situations (e.g., high income, lots of dependents, large SALT deduction), nor can you claim this credit if you’re subject to the AMT on this year’s taxes.

When you get to the screen that asks if you paid AMT in the past and had timing items, answer Yes and follow our onscreen instructions to calculate the credit.

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