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Individual Taxes
Alternative minimum tax (AMT)

Alternative minimum tax (AMT)

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Model Estimates(active tab)

Individual Taxes

T13-0213 - Distribution of AMT and Regular Income Tax by Cash Income, Current Law, 2012-2014

August 25, 2013

Individual Taxes

T13-0214 - Income Subject to Tax and Effective Marginal Tax Rates in the Regular Income Tax and the AMT among AMT Taxpayers, Current Law, 2012-2014

August 25, 2013

Individual Taxes

T13-0215 - Effect of the AMT on ATRA Individual Income Tax Cuts, 2013

August 25, 2013

Individual Taxes

T13-0208 - Aggregate AMT Projections and Recent History, 1970-2023

August 25, 2013

Individual Taxes

T13-0209 - Aggregate AMT Projections, 2012-2023

August 25, 2013

Individual Taxes

T13-0210 - Characteristics of AMT Taxpayers, 2012-2014, 2023

August 25, 2013

Individual Taxes

T13-0212 - Average Effective AMT Tax Rate, 2012-2014, 2023

August 25, 2013

Individual Taxes

T13-0026 - Aggregate AMT Projections and Recent History, 1970-2022

January 16, 2013

Individual Taxes

T13-0027 - Aggregate AMT Projections, 2011-2022

January 16, 2013

Individual Taxes

T13-0028 - Characteristics of AMT Taxpayers, 2011-2013, 2022

January 16, 2013

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From The Briefing Book

From the Briefing Book

Why are taxes so complicated?

December 21, 2015 by kdavis@urban.org

Why are taxes so complicated?

Our tax system could be simple if its only purpose were to raise revenue. But it has other goals, including fairness, efficiency, and enforceability. And Congress has used the tax system to influence social policy as well as to deliver benefits for specific groups and industries.

Read more about Why are taxes so complicated?

What is the AMT?

December 21, 2015 by kdavis@urban.org

What is the AMT?

The individual alternative minimum tax (AMT) operates alongside the regular income tax. It requires some taxpayers to calculate their liability twice—once under the rules for the regular income tax and once under the AMT rules—and then pay the higher amount. Originally intended to prevent perceived abuses by a handful of the very rich, the AMT affected roughly 5 million filers in 2017. The Tax Cuts and Jobs Act dramatically reduced the reach of the AMT, albeit temporarily, so that the tax will hit only 200,000 filers in 2018.

Read more about What is the AMT?

Who pays the AMT?

December 21, 2015 by kdavis@urban.org

Who pays the AMT?

Before the 2017 Tax Cuts and Jobs Act (TCJA), the individual alternative minimum tax (AMT) primarily affected well-off households, but not those with the very highest incomes. It was also more likely to hit taxpayers with large families, those who were married, and those who lived in high-tax states. TCJA shields almost all upper-middle and high-income taxpayers from the reach of the AMT. The AMT is now most likely to hit those at the top of the income scale who are engaged in certain sheltering activities.

Read more about Who pays the AMT?

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