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The AMT exemption phases out based on higher income. If your AMT taxable income (Form 6251 line 28) is higher than $159,700 for married filing joint returns, then your exemption will be less than $83,800.
The AMT exemption phases out based on higher income. If your AMT taxable income (Form 6251 line 28) is higher than $159,700 for married filing joint returns, then your exemption will be less than $83,800.
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