TurboTax will calculate the Alternative Minimum Tax for you. The Tax Cuts and Jobs Act significantly reduced the number of taxpayers subject to AMT. For 2019:
AMT exemptions:
- $111,700 (Married Filing Jointly)
- $55,850 (Married Filing Separately)
- $71,700 (all others)
Exemption phase-out thresholds:
- $1,020,600 (Married Filing Jointly)
- $510,300 (all others)
See additional information in the links below:
What is the Alternative Minimum Tax
Alternative Minimum Tax Common Questions