Alternative minimum tax is automatically imposed on a taxpayer earning beyond a threshold. If you are wondering about various rules and conditions related to AMT tax , please read FAQs on Alternative Minimum Tax or AMT ?Section 55 of US Code 26 deals with the AMT and the number of conditions this provision contain really makes the computation of alternative minimum task a tough task for anyone . So an attempt has been made to build an amt calculator where the taxpayer just fill out some details and the quantum of amt is computed . I know , despite an effort to create error free amt tax calculator , there may be some glitches . So if you find one , please write back to me so that the calculator is created free from any error .
Alternative Minimum Tax Calculator for 2018 & 2017
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Prashant Thakur is a tax advisor . He has written two books on tax laws of India. He regularly writes on his paid-only website http://taxworry.com. He is learning about the Internal Revenue Code of USA as many of clients and readers are of India origin and also are tax resident of USA . So . solving their tax issues require reference to IRC of USA.