#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

What is the Alternative Minimum Tax (AMT)?

Alternative Minimum Tax (AMT) ensures that high income taxpayers who benefit from special tax deductions and credits pay at least a minimum amount of taxes. 

Go to this section in Credit Karma Tax: Alternative Minimum Tax

There are certain types of income and deductions that are treated differently for AMT purposes than for regular tax purposes. Credit Karma Tax will calculate these based on the information you provide. If you’re unsure whether the income or deductions you receive qualifies as AMT income, you can use this interactive assistant offered by the IRS.

AMT is owed only if the tentative minimum tax is greater than the regular tax. Credit Karma Tax will help determine how much AMT, if any, you need to pay based on the information you provide in your tax return.
Source: irs.gov

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