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AMT 101 » Tax Rates & Exemption

Alternative Minimum Tax Rates, Tax Brackets and Exemptions

Alternative Minimum Tax Rates
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-

 

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

Filing Status
AMT Exemption
Form 6251, line 30
AMT Exemption phase-out, if income over AMT Exemption is zero, if income over
Single or Head of Household $46,200 $112,500 $297,300
Married filing jointly or Qualifying widow(er) $69,950 $150,000 $429,800
Married filing separately $34,975 $75,000 $214,900

Tax Year 2009: Alternative Minimum Tax exemption amounts
Filing Status
AMT Exemption
Form 6251, line 30
AMT Exemption phase-out, if income over AMT Exemption is zero, if income over
Single or Head of Household $46,700 $112,500 $299,300
Married filing jointly or Qualifying widow(er) $70,950 $150,000 $433,800
Married filing separately $35,475 $75,000 $216,900
 

 
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