The alternative minimum tax (AMT) is a parallel tax system designed to ensure high-income taxpayers pay a minimum federal tax, regardless of the deductions they claim. In 2026, the AMT generally applies at rates of 26% and 28%, with exemptions available that phase out for higher-income taxpayers. Typical triggers include exercising incentive stock options, large state tax deductions, and certain accelerated depreciation schedules. If you have significant deductions or equity awards, consider having a tax professional model your AMT exposure before year-end so you can plan around it.
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