Rebu Financial, Accounting and Tax Services - Alternative Minimum Tax Schedule

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

What's New?
Always got a refund in the past but owe this year? Alternative Minimum Tax Schedule Credit for Prior Year Minimum Tax District of Columbia First-Time Homebuyer Credit Extended Earned Income Amount for Additional Child Tax Credit

FAQs
Where is my refund? Where to file tax returns? C Corporation Tax Rates What is an Enrolled Agent? Who should prepare my tax?