Are there guidelines for calculating AMT trigger points? For example, if my spouse and I earn $100,000, will we trigger the AMT when I exercise ISOs?
Yes. People who live in high-tax states and itemize tax deductions, or who have significant personal exemptions, can easily owe more in AMT than in regular taxes. See the figures in the table below, which estimate the tipping point for the positive adjustments (e.g. ISO exercises) that, when added back to your taxable income, can trigger the AMT...
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