Computing Individual Tax

Free IRS Enrolled Agent SEE Part 1 (Individuals) lesson in Taxation. 20 min read, ~2,989 words.

AMT (Form 6251): 2025 exemption \$88,100 single / \$137,000 MFJ / \$68,500 MFS; phaseout 25¢ per \$1 above \$626,350 / \$1,252,700; rates 26% to AMTI \$239,100 then 28%. AMT credit (Form 8801): recovers only deferral preferences (ISO bargain element, accelerated depreciation); exclusion-preference AMT (SALT, standard deduction, PAB interest) is gone...