Form 6251 Instructions - Web use form 6251 to figure the amount, if any, of your alternative minimum tax (amt). The exemption amount on form 6251, line 5, has increased to $75,900 ($118,100 if married filing jointly or qualifying surviving spouse; Per irs instructions for form 6251: The amt sets a limit on the amount these benefits can be used to reduce total tax. It applies to taxpayers who have certain types of income that receive favorable treatment, or who qualify for certain deductions, under the tax law. Web these tax benefits can significantly reduce the regular tax of some taxpayers with higher economic incomes. Also, the amount used to determine the phaseout of your exemption has increased to $539,900 ($1,079,800 if married. The amt is a separate tax that is imposed in addition to your regular tax. $59,050 if married filing separately).
Web use form 6251 to figure the amount, if any, of your alternative minimum tax (amt). The exemption amount on form 6251, line 5, has increased to $75,900 ($118,100 if married filing jointly or qualifying surviving spouse; Also, the amount used to determine the phaseout of your exemption has increased to $539,900 ($1,079,800 if married. The amt sets a limit on the amount these benefits can be used to reduce total tax. It applies to taxpayers who have certain types of income that receive favorable treatment, or who qualify for certain deductions, under the tax law. The amt is a separate tax that is imposed in addition to your regular tax. $59,050 if married filing separately). Per irs instructions for form 6251: Web these tax benefits can significantly reduce the regular tax of some taxpayers with higher economic incomes.