Alternative Minimum Tax Calculator
Alternative Minimum Tax: a planned Super Calculator tool. Covers regular taxable income (USD). Stub page while the tool and its worked example are prepared.
Alternative Minimum Tax Calculator is a planned calculator in the tax section of Super Calculator, covering income tax.
What this calculator will compute
Inputs: regular taxable income (USD), ISO bargain element (USD), state tax deduction addback (USD), filing status and other preference items (USD).
Outputs: alternative minimum taxable income (USD), exemption after phase out (USD), tentative minimum tax (USD), AMT payable (USD) and AMT credit carryforward (USD).
Formula, recorded as scope and not yet verified against a primary source: Alternative minimum taxable income is regular taxable income with preference items added back, notably the bargain element on exercised incentive stock options, then the AMT exemption is applied and phased out above a threshold, and tax is computed at 26% and 28% rates. The taxpayer pays the greater of regular tax and tentative minimum tax.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.