What is Alternative Minimum Tax (AMT)
 
 Tan Phan, MSFP, CFP®

<description>Please visit my website for the full video transcript: https://tanphan.com/blog 
Connect with me on LinkedIn: https://www.linkedin.com/in/tanmphan 

TAN Wealth Management 

Overview
- Why does alternative minimum tax exist?
- What is the alternative minimum tax (AMT)?
- How to calculate alternative minimum tax
- How to calculate alternative minimum tax income (AMTI)
- How to calculate alternative minimum tax (AMT)
- What is an alternative minimum tax exemption?
- What are the 2021 AMT exemption amounts?
- In general, what does “phaseout” mean?
- The alternative minimum tax exemption phaseout
- Why you should not go over the annual alternative minimum tax income phaseout amount
- What are the alternative minimum tax rates for 2021?
- What happens when you exercise incentive stock options (ISOs)?
- Form 6251
- AMT credit
- Using AMT credit
- Why do you get taxed on the bargain element if you are subject to AMT? 
- I am currently not subject to AMT liability. How do I know if I am subjected to AMT liability when I exercise my ISOs?
- Understanding the relationship between alternative minimum tax and incentive stock options
- Does California have AMT?
- AMT and incentive stock options in non-public companies</description>

Please visit my website for the full video transcript: https://tanphan.com/blog 
Connect with me on LinkedIn: https://www.linkedin.com/in/tanmphan 

TAN Wealth Management 

Overview
- Why does alternative minimum tax exist?
- What is the alternative minimum tax (AMT)?
- How to calculate alternative minimum tax
- How to calculate alternative minimum tax income (AMTI)
- How to calculate alternative minimum tax (AMT)
- What is an alternative minimum tax exemption?
- What are the 2021 AMT exemption amounts?
- In general, what does “phaseout” mean?
- The alternative minimum tax exemption phaseout
- Why you should not go over the annual alternative minimum tax income phaseout amount
- What are the alternative minimum tax rates for 2021?
- What happens when you exercise incentive stock options (ISOs)?
- Form 6251
- AMT credit
- Using AMT credit
- Why do you get taxed on the bargain element if you are subject to AMT? 
- I am currently not subject to AMT liability. How do I know if I am subjected to AMT liability when I exercise my ISOs?
- Understanding the relationship between alternative minimum tax and incentive stock options
- Does California have AMT?
- AMT and incentive stock options in non-public companies

Your Trusted Advisor with Tan Phan, MSFP, CFP®

What is Alternative Minimum Tax (AMT)

What is Alternative Minimum Tax (AMT)

Description