Alternative Minimum Tax Rates, Tax Brackets and Exemptions

Alternative Minimum Tax Rates & Tax Brackets
Single
26%: $0-$175,000
28%: $175,001- Married filing jointly / Qualifying widow(er)
26%: $0-$175,000
28%: $175,001-

Married filing separately
26%: $0-$87,500
28%: $87,501-

Head of Household
26%: $0-$175,000
28%: $175,001-

Alternative Minimum Tax Exemptions and Phase-outs

Congress passed an "AMT patch" for 2010 and 2011. All AMT calculators are updated to reflect these approved amounts (see below).

For additional information, follow us on Twitter @AltMinTax or go to our AMT Current News & Info page for the latest news and updates on the patch and the Alternative Minimum Tax.

For reference, AMT exemption history - Tax year and date signed / exemption rates released:

2010-11 12/17/10 The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

2009 2/17/09 American Recovery and Reinvestment Act of 2009

2008 10/3/08 Emergency Economic Stabilization Act of 2008

2007 12/26/07 Tax Increase Prevention Act of 2007

2006 5/17/06 Tax Increase Prevention and Reconciliation Act of 2005

2005 10/22/04 American Jobs Creation Act of 2004

2003-04 5/28/03 Jobs and Growth Tax Relief Reconciliation Act of 2003

2001-02 6/7/01 Economic Growth and Tax Relief Reconciliation Act of 2001

View our Alternative Minimum Tax Calculators - they will help you 1) determine if you will be subject to the AMT this year, 2) understand the AMT items causing you to be trapped in the AMT and 3) calculate, plan and reduce / avoid the AMT. Get started today!

Tax Year 2010: Alternative Minimum Tax Exemption amounts
Filing Status
AMT Exemption
Form 6251, line 29
AMT Exemption phase-out, if income over AMT Exemption is zero, if income over
Single or Head of Household $47,450 $112,500 $302,300
Married filing jointly or Qualifying widow(er) $72,450 $150,000 $439,800
Married filing separately $36,225 $75,000 $219,900

Tax Year 2011: Alternative Minimum Tax Exemption amounts
Filing Status
AMT Exemption
Form 6251, line 29
AMT Exemption phase-out, if income over AMT Exemption is zero, if income over
Single or Head of Household $48,450 $112,500 $306,300
Married filing jointly or Qualifying widow(er) $74,450 $150,000 $447,800
Married filing separately $37,225 $75,000 $223,900

AMTindividual.com

Alternative Minimum Tax Products and Services

AMTIndividual is the best alternative minimum tax calculator, AMT planning strategies and AMT software package available with the simple goal of helping individual's like you calculate, plan and reduce your AMT. Choose the product that best fits your needs.

AMT101 includes multiple categories to enhance your understanding and answer your questions about the alternative minimum tax. Please select your category:

http://www.amtindividual.com/amt-individual-products.html

Kiplinger.com AMT Calculator

Make good money? Live in a high-tax state? Have a lot of dependents? The Alternative Minimum Tax could raise your tax bill. See if you’ll pay it.

The Alternative Minimum Tax is a parallel system developed more than 40 years ago by Congress to make sure the wealthy paid at least some income tax. But because the AMT was never indexed for inflation, it increasingly ensnares many middle-class Americans. Knowing whether you’re likely to be snagged by the AMT can help guide your year-end tax planning.

Try our calculator below. Enter:

What you expect your 2011 taxable income to be (use line 43 from last year’s 1040 if you had no big changes in income this year.)
How many exemptions you will claim for yourself and your dependents.
Whether you choose the standard deduction or itemize deductions

If you itemize, we’ll also need to know about how much you paid in real estate taxes and state income taxes (or state sales taxes) that you normally deduct on your tax return.