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State and local taxes paid $ 6,033
Home mortgage interest 4,062
Charitable contributions 4,077
Job expenses and other miscellaneous deductions
(in excess of 2% of adjusted gross income) 21,511
Total itemized deductions $35,683
Petitioners' tax, prior to credits, was $4,091. Respondent made
no adjustments to either the income or the itemized deductions on
petitioners' return. Petitioners' return also included a Form
6251, Alternative Minimum Tax–-Individuals (the form), which
reflected zero alternative minimum tax. Respondent determined
that petitioners were liable for the AMT.
Section 55(a) imposes a tax equal to the excess of the
tentative minimum tax over the regular tax. The tentative
minimum tax for noncorporate taxpayers is equal to 26 percent of
so much of the taxable excess as does not exceed $175,000. See
sec. 55(b)(1)(A)(i). The taxable excess is that amount by which
the alternative minimum taxable income (AMTI) exceeds the
exemption amount. See sec. 55(b)(1)(A)(ii). The exemption
amount for married couples filing a joint return is $45,000. See
sec. 55(d).
AMTI equals the taxpayer's taxable income for the year
determined with the adjustments provided in section 56. See sec.
55(b)(2). In calculating AMTI, no deduction is allowed for
miscellaneous itemized deductions or for State and local taxes
paid, unless such amounts are deductible in determining adjusted
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Last modified: May 25, 2011