#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 ×

Why do I owe the Alternative Minimum Tax (AMT) this year?

The Alternative Minimum Tax (AMT) is designed to limit some tax benefits for high-income taxpayers and ensure that they pay at least a minimum amount of tax. Determining if you owe AMT requires you to calculate both your regular tax and your tentative minimum tax. Credit Karma Tax does this for you. If your tentative minimum tax exceeds your regular tax, you will owe the AMT.

Refer to “What is the Alternative Minimum Tax (AMT) article to find out more about the calculation of AMT.

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