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How much is the AMT exemption?

SOLVEDby TurboTax627Updated 2 weeks ago

For tax year 2022, the AMT exemption is:

  • $75,900 for Single or Head of Household returns
  • $118,100 for Married Filing Jointly or Qualifying Surviving Spouse returns
  • $59,050 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 $539,900 ($1,079,800 if filing jointly).

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