Alternative Minimum Tax Schedule

First $175,000 ($87,500 married, separate) of Alternative Minimum Taxable Income 26%
Over $175,000 of Alternative Minimum Taxable Income 28%

 

Exemptions:

Married Filing Joint or Qualifying Widow(er)  $66,250
Married Filing Separate                                  $33,125
Single or Head of Household                         $44,350

 

Exemption Phaseout :

25% of amount AMTI exceeds:
Filing Status                           AGI Begin Phaseout           AGI Fully Phaseout
MFJ/Surviving Spouse                 $150,000                               $415,000
Single/HOH                                   $112,500                               $289,900
Married Filing Separate                $ 75,000                                $207,500

 
Rebu Financial and Tax Services
Rebu Financial and Tax Services