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How much is the AMT exemption?

by Intuit Updated 4 months ago

For tax year 2023, the Alternative Minimum Tax (AMT) exemption is:

  • $81,300 for Single or Head of Household returns
  • $126,500 for Married Filing Jointly or Qualifying Surviving Spouse returns
  • $63,250 for Married 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 reduce at AMTI levels of $578,150 ($1,156,300 if filing jointly).

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