AMT Owed
$0
AMT Owed
Regular Tax
$57,063
Tentative Min Tax
$45,994
Total Tax
$57,063
Summary
You do not owe AMT. Your regular tax of $57,063 exceeds the tentative minimum tax.
The AMT uses two rates: 26% on the first portion and 28% on amounts above the threshold. It applies when the tentative minimum tax exceeds regular tax.
You do not owe AMT because your regular tax of $57,063 exceeds the tentative minimum tax of $45,994.
The AMT exemption phases out at 25 cents per dollar of AMTI above the phase-out threshold, which can significantly increase AMT for high-income taxpayers.
Common AMT triggers include large SALT deductions, ISO exercise spreads, and accelerated depreciation differences.
AMT Adjustment Breakdown
11 rows
| Item | Amount |
|---|---|
| Regular Taxable Income | $250,000 |
| SALT Add-Back | $15,000 |
| ISO Exercise Spread | $0 |
| Depreciation Difference | $0 |
| Tax-Exempt Interest | $0 |
| Other Adjustments | $0 |
| AMTI | $265,000 |
| AMT Exemption | $88,100 |
| Tentative Minimum Tax | $45,994 |
| Regular Tax | $57,063 |
| AMT Owed | $0 |
Estimate based on federal AMT rules. Does not account for AMT credit carryforward, foreign tax credits, or all possible adjustments. Not tax advice.