You'll need to sign in or create an account to connect with an expert.
The term AMT is an abbreviation for Alternative Minimum Tax.
The AMT uses an alternative definition of taxable income called Alternative Minimum Taxable Income (AMTI). AMT is levied at two rates: 26 percent and 28 percent. The AMT exemption amount for 2018 is $70,300 for singles and $109,400 for married couples filing jointly.
The term AMT is an abbreviation for Alternative Minimum Tax.
The AMT uses an alternative definition of taxable income called Alternative Minimum Taxable Income (AMTI). AMT is levied at two rates: 26 percent and 28 percent. The AMT exemption amount for 2018 is $70,300 for singles and $109,400 for married couples filing jointly.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
vward80
New Member
Fuzzy Red Baron
Returning Member
dlarzik
Level 1
Sandy55
New Member
semperfi_vaughn
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.