This alternative minimum tax calculator will quickly determine if you are subject to AMT and calculate the amount you may owe.
Alternative Minimum Tax (AMT) Calculator
Use this calculator to estimate your Alternative Minimum Tax. Simply enter your taxable income to get started.
How to Use This Calculator
Enter your taxable income into the box and click ‘Calculate’. The result will display an estimate of your Alternative Minimum Tax. Keep in mind that this is a simplified example and your actual AMT may vary.
How It Calculates the Results
The calculator subtracts the exemption amount from your taxable income. If the remainder is greater than the exemption threshold, it applies a flat tax rate (in this case 28%) to estimate your AMT.
Limitations
This calculator is based on simplified assumptions and does not account for all nuances of the AMT rules. It does not handle deductions, credits, or specific exemptions beyond a single threshold. The threshold and exemption amounts are fictional here and should be updated with current tax law data for accurate calculations.