https://turbotax.intuit.com'>https://turbotax.intuit.com The Alternative Minimum Tax (AMT) Explained The Alternative Minimum Tax, or AMT, was introduced in 1969 to ensure that the wealthiest Americans paid taxes, even after using tax breaks and loopholes, but the AMT was never updated to account for inflation. Every year, more of the middle class was caught up in it. Learn how the Alternative Minimum Tax compensates for inflation, how to use IRS tax form 6251 to calculate your AMT using your Adjusted Gross Income After Itemized Deductions, and other helpful information about the AMT and your taxes with this TurboTax tax tip video.

For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.

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