Taxpayers that would be increasingly susceptible to AMT taxes if any of the following 5 conditions applies to them as follows;

1. The Taxpayer is claiming several dependents.
   
   
2. The Taxpayer is claiming a very high real estate tax and/or State and Local Tax deduction.
   
   
3. The Taxpayer is claiming a substantially high amount of miscellaneous itemized deductions.
   
   
4. The Taxpayer is exercising and holding incentive stock options.
   
   
5. The Taxpayer is realizing significant long-term capital gains.

In order to determine whether or not a taxpayer is subject to AMT, the taxpayer may visit the IRS website and can use the "AMT Assistant," a tool that will determine if Form 6251 is needed to file.

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Ask TaxGuru Please refer to the legal disclaimer.

In addition to what has been posted above, the tax liability of millions of middle-earners could possibly be hiked by thousands of dollars if Congress does not move rapidly on the issue of the AMT, or the option minimum tax.