Do I Have to Pay Alternative Minimum Tax?

If you've heard of the Alternative Minimum Tax, you're probably wondering if it applies to you, and what you should expect if it does. If your income is above a specific amount, you may fall under the guidelines of the Alternative Minimum Tax. The point of the AMT is to maintain a minimum level of tax payment for those who opt for certain credits. will automatically calculate AMT for you if you need to pay.