The New Tax Law – Do I Need to Use the Alternative Minimum Tax? (AMT)

Here’s how you know:

A) Are you filing as an unmarried individual?

If so, will you have a total tax liability (after everything’s taken out) of $70,300 or more?

If the answer to both questions is “yes,” then you’ll be using the Alternative Minimum Tax.

B) Are married and filing your taxes jointly?

If so, will you have a total tax liability (after everything’s taken out) of $109,400 or more?

If the answer to both questions is “yes,” then you’ll be using the Alternative Minimum Tax.

Otherwise, the Alternative Minimum Tax is not your problem.

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