March 22nd, 2012 : 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.