Alternative Minimum Tax

The Alternative Minimum Tax eliminates tax deductions for wealthier taxpayers.

File your taxes online

To avoid mistakes and to save time use Turbo Tax.

Turbo Tax allows you to work on your federal, state, and small business taxes paying nothing until you are satisfied with your return. Start now.

Click here to start

The alternative minimum tax: who qualifies

Wealthy taxpayers with multiple deductions are often subjected to the alternative minimum tax. The AMT is complicated so we suggest you use a filing program or tax software to do the calculations and determine your eligibility.

The alternative minimum tax: the details

The Alternative minimum tax adds deductions previously taken out.

With a high incomes, certain deductions are no longer allowed.

The deductions that are added back into your income are:

  • home mortgage interest,
  • tax refunds,
  • investment interest expenses,
  • capital gains and losses,
  • adjusted gain or loss, and
  • your child's investment income.

File Form 6251- "Alternative Minimum Tax - Individuals".

Or calculate your AMT - by filing online. Your AMT will be automatically determined and Form 6251 filed.

Related alternative minimum tax forms

Attach form 6251 with your return. The instruction booklet for this form provides further information about the alternative minimum tax. E-file and save time and the hassle.

Note: you will need an Adobe Acrobat Reader to view these publications, which you can get here. (But you probably already have it.)