Garden Grove California online Form Instruction 6251 2024-2025

Garden Grove California online Form Instruction 6251: What You Should Know

The “Other” column represents income earned through investments, passive pursuits, etc. If you are not required to figure the AMT in Part III, you can enter the amount of the AMT you have figured in Part I. (Line 4). Then enter the amount of taxes you would like excluded from gross income under line 17. (Line 8). 37 Use the following information to figure the amount of tax on the alternative minimum tax imposed by IRS on the income of the taxpayer. For purposes of this example, For tax year 2025 and 2019, you are an independent contractor; your main job is delivering documents to customers. Your primary source of income is salary and wages. Your business income from the sales of office supplies is zero. However, the amount of the tax imposed by the Alternative Minimum Tax on those sales of office supplies is 5.05 or 5.10 for 2025 and 2019. The result is: 5.05 / 5.10 = .0500 (The Alternative Minimum Tax for 2025 is less on the sales of office supplies.) 38 Enter a negative number for tax year 2025 to include the cost to you of having your tax withheld from your paychecks and/or the cost of your AMT-eligible expenses. 39 Enter your estimated deduction for the tax year which is 5.65 (5.05 – 5.10), and enter the amount of any tax you have excluded. The result is: 5.65 / 5.10 = 0.0015 (The Alternative Minimum Tax for 2025 is more on the sales of office supplies.) 40 Enter the approximate amount you would owe in tax. 5.65 × .0500(x) = 1,350, or 1,351. 41 Report on your 2025 income tax return the amount of the AMT. Do not enter any AMT-excluded income or expenses on your 2025 tax return. If you figure an AMT in Part II, enter the amount of taxes the AMT imposes on what is left of that income. 42 Enter on Form 6251 the total amount you would have to pay if your AMT are applied for, and you were making the annual interest rate schedule, which you are allowed to make under the Alternative Minimum Tax, assuming the same AMT rate and filing status as the taxpayer who paid your taxes if you make Schedule A.

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