DR 0104AMT, 2024 Colorado Alternative Minimum Tax Computation Schedule If you are using a screen rea-2025

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If the TMT exceeds the regular tax, the excess is the alternative minimum tax (AMT). The AMT for general and financial corporations represents the incremental portion of the tentative minimum tax (TMT) that exceeds the regular tax. If the regular tax exceeds the TMT, no AMT exists.
AMT exemption amounts for 2024 Filing status2024 AMT exemption Single or head of household $85,700 Married, filing separately $66,650 Married, filing jointly $133,300 Oct 25, 2024
Colorado imposes an AMT rate of 3.47%. It generally follows federal AMT rules and calculation methods, with some adjustments specific to Colorado. Colorados AMT exemption amounts and phase-out thresholds are the same as the federal AMT exemption amounts and phase-out thresholds.
The AMT is the excess of the tentative minimum tax over the regular tax. Thus, the AMT is owed only if the tentative minimum tax for the year is greater than the regular tax for that year. The tentative minimum tax is figured separately from the regular tax.
In 2025, the AMT exemption is $88,100 for single filers and $137,000 for married couples filing jointly. These amounts start to phase out if income is over $626,350 for singles or $1,252,700 for joint filers. A financial advisor can help you figure out if the AMT affects you and plan for it.
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Individual taxpayers are subject to a Colorado alternative minimum tax equal to the amount by which 3.47% of their Colorado alternative minimum taxable income exceeds their Colorado normal tax.
2024 Alternative Minimum Tax (AMT) Exemptions. Source: Internal Revenue Service, Revenue Procedure 2023-34. In 2024, the 28 percent AMT rate applies to excess AMTI of $232,600 for all taxpayers ($116,300 for married couples filing separate returns).
On May 14, 2024, Colorado Governor Jared Polis signed into law Senate Bill 24-228opens in a new tab, reducing the individual income tax rate for the 2024 tax year from 4.40% to 4.25%.