The National Directory of Certified Public Accountants

Ask A CPA - Alternative Minimum Tax

What Items May Trigger The Alternative Minimum Tax?

This is not a complete list but the following items may trigger the AMT. Itemized deductions such as taxes, interest, on home equity loans used for nonresidential purposes, medical expenses and miscellaneous investment or job expenses. Claiming a substantial number of exemptions for dependents or Certain tax-exempt interest, accelerated depreciation or incentive stock options.

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