Alternative Minimum Tax
Is the standard deduction used in the calculation of the Alternative Minimum Tax?
The standard deduction is not allowed in the Alternative Minimum Tax calculation. You may consider itemizing your deductions even if less than the standard when you are subject to the Alternative Minimum Tax.
Need Professional Help?
If you need help with "Alternative Minimum Tax" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.