How much is the AMT exemption?

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How much is the AMT exemption?

For tax year 2020, the AMT exemption is $72,900 (Unmarried Individuals [other than Surviving Spouses]), $113,400 (Joint Returns or Surviving Spouses), and $56,700 (Married Individuals Filing Separate Returns). This is the amount that gets deducted from your AMTI (alternative minimum tax income) before applying the AMT rate.

The exemption amount starts to phase out (is reduced) at AMTI levels of $518,400 ($1,036,800 if filing jointly).

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