" Do You Know What is AMT According to IRS ? "

AMT is Alternate Minimum Tax per IRS Definition is a Flat Tax on the Taxable Income Above a certain Threshold.  For Taxpayers who make more than the Threshold Income, AMT is assessed. The AMT amount is added to Tax on Line  45 of Form 1040 and is computed using Form 6251 for TY 2015.  Some details about AMT:
1. When Taxable Income Plus Certain Adjustments Exceeds your Exemption Amount based upon Filing Status, Taxpayer pays AMT for TY 2015
2.  AMT Exemption Amount:
          Single or Head Of Household       $ 53, 600
          MFJ or QW                                   $ 83,400
          MFS                                               $ 41,700    
3.   AMT Exemption is phased out at certain Higher Income levels.

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