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complete either worksheet for the regular tax, enter the amount from Form 1040 or 1040-SR, line 15; if zero or less, enter -0-. If you are filing Form 2555, see instructions for the amount to enter . . . . . . .
It applies to taxpayers who have certain types of income that receive favorable treatment, or who qualify for certain deductions, under the tax law. These tax benefits can significantly reduce the regular tax of some taxpayers with higher economic incomes. The AMT sets a limit on the amount these benefits can be used to reduce total tax.
Form 6251 2021 Alternative Minimum Tax—Individuals Department of the Treasury Internal Revenue Service (99) Go to www.irs.gov/Form6251 for instructions and the latest information. . Attach to Form 1040, 1040-SR, or 1040-NR. OMB No. 1545-0074. Attachment Sequence No. 32. Name(s) shown on Form 1040, 1040-SR, or 1040-NR. Your social security number
Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of alternative minimum tax (AMT) that a taxpayer may owe. Some...
AMT ensures taxpayers, particularly those with high incomes who can reduce their tax burden to nearly zero with deductions and exclusions, pay at least a minimum level of federal income tax. IRS Form 6251 is a worksheet that helps you determine if you owe AMT and how much.
Form 6251, Alternative Minimum Tax - Individuals, and Form 8801, Credit for Prior Year Minimum Tax - Individuals, Estates and Trusts, are the two primary forms used for the AMT.
We last updated the Alternative Minimum Tax - Individuals in January 2024, so this is the latest version of Form 6251, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 6251 directly from TaxFormFinder.
Wondering how much alternative minimum tax you owe on your tax return? Learn how to use IRS Form 6251 to calculate your AMT in our guide!
Calculate alternative minimum tax (AMT) using Form 6251. Learn eligibility, adjustments, and ways to reduce AMT.
IRS Form 6251 calculates the alternative minimum tax for taxpayers who are subject to it. Completing this form can help you see whether you owe this tax.