What Causes Alternative Minimum Tax Liability?
Exemptions
The exemptions you claim for yourself, your spouse and your dependents are not allowed when calculating alternative minimum tax.
It does not happen often that there is a tax return where someone had to pay AMT solely because of their exemptions. However, the more exemptions you claim, the more likely it is that you will have AMT liability.
Contact H&M to discuss how AMT affects you
Why Hienz & Macaluso LLC
As a certified public accounting firm based in the New Orleans Metropolitan Area, we are dedicated to leadership in professional accounting services and constantly seek innovative ways to better serve our clients in existing and expanded dimensions. We take exceptional pride in our ability to provide clients with a large degree of personal attention.
Current Tax Topics
Monthly Newsletter
Tools & 
Tax
Areas of Specialty