Alternative Minimum Tax (AMT) Assistant for Individuals

WASHINGTON - Every year taxpayers need to consider whether they will have to pay the Alternative Minimum Tax (AMT). The AMT Assistant is intended to provide a simple test for taxpayers who fill out their tax returns without using software to determine whether they may be subject to the AMT.

 

The AMT Assistant is an electronic version of the AMT Worksheet in the 1040 Instructions, called the "Worksheet to See if You Should Fill in Form 6251 - Line 45."

 

Using the AMT Assistant
The AMT Assistant is easy to use. You just answer a few simple questions about entries on your draft 1040 and the system does the rest. You will see the results immediately on your computer screen. Based on your entries, the results will tell you that either you do not owe the AMT or that you must go further and complete Form 6251 to find out if you owe the AMT.

 

Your entries are anonymous and the information will be used only for the purpose of determining your eligibility. All entries are erased when you exit or start over. See the "IRS Privacy Policy" for more information.

 

The Assistant can be used by individuals, tax practitioners and community or public service organizations.

 

Tax Year 2006 AMT Assistant

 

Tax Year 2005 AMT Assistant

 

Tax Year 2006 Additional Resources:

•      Form 1040 Instructions (PDF)
•      Form 6251, Alternative Minimum Tax ? Individuals (PDF)
•      Form 6251 Instructions (PDF)
•      Form 1116, Foreign Tax Credit (Individual, Estate, or Trust) (PDF)
•      Topic 556 - Alternative Minimum Tax
•      IR-2005-31 - IRS Clarifies AMT Deduction for Home Mortgage Interest

Tax Year 2005 Additional Resources:

•     Form 1040 Instructions (PDF)
•     Form 6251, Alternative Minimum Tax - Individuals (PDF)
•     Form 6251 Instructions (PDF)
•     Form 1116, Foreign Tax Credit (Individual, Estate, or Trust) (PDF)
•     IR-2005-31 - IRS Clarifies AMT Deduction for Home Mortgage Interest

IRS Tax Articles and Information