Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
English EN

Pick a language

Canada English Canada Français
Showing results for 
Search instead for 
Did you mean: 
TurboTax Help

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).

Was this helpful?

You must sign in to vote, reply, or post
Dynamic AdsDynamic Ads
Privacy Settings