The alternative minimum tax (AMT) was designed to keep wealthy taxpayers from using loopholes to avoid paying taxes. But because it's not regularly updated for inflation, more middle-class taxpayers are getting hit with the AMT.
These FAQs provide the latest information on the AMT and help at-risk taxpayers indentify strategies to lower or avoid the AMT.
UNDERSTANDING THE AMT
What Is the Alternative Minimum Tax?
Find out how 155 taxpayers caused Congress to create a separate income tax system that affects millions of Americans today.
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Why the the Middle Class Pays the AMT
The AMT is not supposed to target moderate-income earners, and yet each year, more middle-class taxpayers owe this tax. Find out why.
How Can I Avoid the AMT?
Kiplinger's walks taxpayers through Form 6251 line by line, offering tax-planning strategies that could help fend off the alternative minimum tax.
AMT UPDATES
AMT Exemption for 2007
In December 2007, Congress passed temporary legislation to prevent more middle-class Americans from paying the AMT. Find a concise overview of the latest changes here.
| Row 0 - Cell 0 | 2009 Is the Year of AMT Reform |
| Row 1 - Cell 0 | Kiplinger Reviews a Flat Tax Fix for AMT |
| Row 2 - Cell 0 | Kiplinger Reviews Second AMT Fix |
| Row 3 - Cell 0 | Request Help From Taxpayer Advocate |
| Row 4 - Cell 0 | The Reform AMT Organization |
| Row 5 - Cell 0 | IRS Reports AMT Out of Control |