Alternative Minimum Tax Rates, Tax Brackets and Exemptions
Alternative Minimum Tax Rates |
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| Single 26%: $0-$175,000 28%: $175,001- |
Married filing jointly / Qualifying widow(er) 26%: $0-$175,000 28%: $175,001- |
| Married filing separately 26%: $0-$87,500 28%: $87,501- |
Head of Household 26%: $0-$175,000 28%: $175,001- |
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Update re: the 2010 AMT Exemption and Phase-out amounts - Congress has not yet approved the "AMT patch", which would increase the AMT Exemption and Phase-out amounts, similar to what has happened the last couple years (see below). We will update this page with 2010 amounts as soon as Congress releases these amounts. In the interim, most practioners are using 2009 amounts (listed below). Please check back or follow us on Twitter @AltMinTax for the latest news and updates on the patch and the Alternative Minimum Tax. For reference, AMT exemption history - Tax year and date signed / exemption rates released: 2009 2/17/09 American Recovery and Reinvestment Act of 2009 2008 10/3/08 Emergency Economic Stabilization Act of 2008 2007 12/26/07 Tax Increase Prevention Act of 2007 2006 5/17/06 Tax Increase Prevention and Reconciliation Act of 2005 2005 10/22/04 American Jobs Creation Act of 2004 2003-04 5/28/03 Jobs and Growth Tax Relief Reconciliation Act of 2003 2001-02 6/7/01 Economic Growth and Tax Relief Reconciliation Act of 2001
Tax Year 2008: Alternative Minimum Tax Exemption amounts |
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| Tax Year 2009: Alternative Minimum Tax exemption amounts | ||||||||||||||||
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