Alternative minimum tax (AMT) is a supplemental income tax. It won't be relevant for most taxpayers, but those with high incomes and in other special situations may have to deal with it. One particular situation when the AMT may be relevant is when startup employees exercise ISOs.
Explore the world of stock options with our informative guide. Compare Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs), and learn why startups choose one over the other.