Line 61 – Alternative Minimum Tax (AMT)

If you claim certain types of deductions, exclusions, and credits, you may owe AMT if your total income is more than:

$120,065 married/RDP filing jointly or qualifying surviving spouse/RDP

$90,048 single or head of household

$60,029 married/RDP filing separately

A child under age 19 or a full-time student under age 24 may owe AMT if the sum of the amount on line 19 (taxable income) and any preference items listed on Schedule P (540) and included on the return is more than the sum of $9,450 and the child’s earned income.

AMT income does not include income, adjustments, and items of tax preference related to any trade or business of a qualified taxpayer who has gross receipts, less returns and allowances, during the taxable year of less than $1,000,000 from all trades or businesses.

Get Schedule P (540) for more information. See “ Order Forms and Publications .”

loading…

Line 61 – Alternative Minimum Tax (AMT)

Official source

If you claim certain types of deductions, exclusions, and credits, you may owe AMT if your total income is more than:

$120,065 married/RDP filing jointly or qualifying surviving spouse/RDP

$90,048 single or head of household

$60,029 married/RDP filing separately

A child under age 19 or a full-time student under age 24 may owe AMT if the sum of the amount on line 19 (taxable income) and any preference items listed on Schedule P (540) and included on the return is more than the sum of $9,450 and the child’s earned income.

AMT income does not include income, adjustments, and items of tax preference related to any trade or business of a qualified taxpayer who has gross receipts, less returns and allowances, during the taxable year of less than $1,000,000 from all trades or businesses.

Get Schedule P (540) for more information. See “ Order Forms and Publications .”