I was subject to AMT's for years when I worked. It was a fact of life then. but I've been retired for years now, and felt they were in my past.
But now that my wife is subject to RMD's, coupled with a potentially large capital gain distribution from a mutual fund, may be subject to it again.
Do the estimated tax calculations within TT factor in the possibility of AMT's into their calculations?
Tx
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.