Calculate state-level AMT for states that maintain their own AMT: California (7%), Iowa (abolished 2023), and others. California AMT uses the federal AMT base with modifications. ISO exercises and incentive stock options most affected.
Enter the values for the scenario you are assessing. Calculate state-level AMT for states that maintain their own AMT: California (7%), Iowa (abolished 2023), and others. California AMT uses the federal AMT base with modifications. ISO exercises and incentive stock options most affected. Use the state amt calculator result to inform your calculation.