AMT Calculator
Calculate your Alternative Minimum Tax (AMT) liability based on income, SALT deductions, ISO stock option exercises, and filing status using 2024 IRS parameters.
Tax Disclaimer
This calculator provides estimates based on general tax rules and may not reflect your specific situation. Tax laws vary by jurisdiction and change frequently. Consult a qualified tax professional or CPA for advice tailored to your circumstances.
Inputs
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Results
AMT Owed
$0.00
Total Federal Tax$53,015.00
Effective Tax Rate21.21%
AMT Income (AMTI)$245,400.00
AMT Exemption Used$85,700.00
Tentative Minimum Tax$41,522.00
Regular Tax$53,015.00
How to Use This Calculator
- Enter Total Income including wages, salary, and ordinary income before deductions.
- Select Filing Status to apply the correct AMT exemption amount.
- Enter State & Local Taxes paid — SALT deductions are added back for AMT purposes.
- Set ISO Exercise Spread if you exercised incentive stock options — this is a major AMT preference item.
- Enter Other AMT Preferences (private-activity bond interest, depletion).
- Review AMT Owed — if positive, you pay this in addition to regular tax. Consider timing ISO exercises to minimize AMT.
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