The AMT was created and passed into law in 1969 when it was discovered that 155 high-income individuals could pay no income tax in 1966 because they claimed multiple advantageous tax breaks.

The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a minimum amount, even if they claim many deductions or credits. In 2025 ...

The alternative minimum tax (AMT) is designed to ensure that certain taxpayers who benefit from various deductions and tax preferences still pay a minimum level of tax. Several factors can trigger ...

In 2017, the AMT exemption amounts were $84,500 for joint filers, $54,300 for single filers and household heads, and $54,700 for married couples filing separately. For 2024 returns, these figures ...

The AMT, if owed, from the Form 6251 calculation now goes into Line 45 of Schedule 2 ("Tax"). Attach Form 6251 to Schedule 2. The totals from this schedule go into Line 11 of Form 1040.

The IRS on Monday issued interim guidance regarding the application of the Sec. 55 corporate alternative minimum tax (AMT). The guidance in Notice 2025-27 provides an optional simplified method for ...