How do I know what to put for the alternative minimum tax?

needbetterjobduties · ‎March 26, 2020

VictoriaD75 · ‎March 26, 2020

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

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