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Deductions & credits
You are not able to get rid of AMT. It is based on your income and deductions. The income levels at which the AMT exemption begins to phase out has increased to $518,400 ($1,036,800 if married filing jointly or qualifying widow(er)). If your income exceeds that, see Topic No. 556 Alternative Minimum Tax | Internal Revenue Service.
You may have an AMT credit the program is trying to give you based on prior years when the income limit was lower.
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March 10, 2021
3:48 PM