This is the link to our tax calculator: Tax Calculators and Tools. The AMT exemption amount for 2022 is $118,100 for married taxpayers filing jointly. And the simplest way to determine if you'll owe Alternative Minimum Tax would be to look at Form 6251 from last year and determine what changes may apply for the current year. Alternative Minimum Tax: Common Questions walks you through this form. Generally, only taxpayers with large itemized deductions for taxes, significant differences passed through from partnerships or S Corporations, or other items such as tax-exempt interest from private activity bonds end up paying AMT.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
