March 22nd, 2012 : AMT Exemption Increased


Mar
22

AMT Exemption Increased


Posted in Accounting Newsletter by Admin


AMT Exemption Increased

AMT Exemption Increased

For tax-year 2011, the alternative minimum tax exemption increases to the following levels:

  • $74,450 for a married couple filing a joint return and qualifying widows and widowers, up from $72,450 in 2010.
  • $37,225 for a married person filing separately, up from $36,225.
  • $48,450 for singles and heads of household, up from $47,450.

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