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

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How to use or fill out DR 0104AMT, 2024 Colorado Alternative Minimum Tax Computation Schedule If you are using a screen reader

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your last name, first name, and middle initial in the designated fields at the top of the form.
  3. Input your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) in the appropriate field.
  4. For line 1, enter the amount from line 6 of Federal Form 6251. If applicable, subtract line 5 from line 4 and enter any negative amount here.
  5. On line 2, sum lines 3 through 8 from form DR 0104 as instructed.
  6. Calculate line 3 by adding lines 1 and 2 together.
  7. For line 4, input the total subtractions from DR 0104AD, excluding any State Income Tax Refunds.
  8. Subtract line 4 from line 3 to complete line 5.
  9. Multiply the result on line 5 by 3.47% for line 6. If you are a nonresident or part-year resident, ensure to apportion accordingly.
  10. Finally, compare this with your Colorado normal tax on line 7 and calculate your alternative minimum tax on line 8.

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Under the tax law, certain tax benefits can docHubly reduce a taxpayers regular tax amount. The alternative minimum tax (AMT) applies to taxpayers with high economic income by setting a limit on those benefits. It helps to ensure that those taxpayers pay at least a minimum amount of tax.
Large deductions: Claiming docHub deductions for state and local taxes (SALT), medical expenses or home mortgage interest can increase the likelihood of triggering the AMT.
The AMT exemption Before 2024, there was a standard $40,000 AMT exemption. Starting in 2024, the government increased the AMT exemption to the start of the fourth federal tax bracket, which started at $173,205 for 2024. For 2025, the AMT exemption is $177,882.
Its actually very simple, and very fair. You take your federal income from Form 6251, and then calculate what percentage of that income you earned in Colorado. Colorado AMT is 3.47% of that amount. Thats 3.47% of only the Colorado portion of your income.
Taxpayers who have incomes that exceed the AMT exemption of $88,100 (single), $137,000 (married filing jointly) and $68,500 (married filing separately) in 2025 may be subject to the alternative minimum tax when they file their 2026 tax return. AMT tax rates are 26% or 28%.

People also ask

AMT is calculated by applying a twotier graduated rate structure to alternative minimum taxable income (AMTI). For 2024, the rates are 26% on net AMTI up to $232,600 ($116,300 for married separate filers (MFS)) and 28% on net AMTI above that amount.
The exemption phaseout thresholds will drop to $500,000 for single filers and $1 million for joint filers in 2026. (In 2025, those amounts are $626,350 and $1,252,700, respectively.)
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.

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