(2008) Alternative Minimum Tax (AMT) Exemption Amounts for the 2008 Tax Year
For tax year 2008, the Alternative Minimum Tax Exemption increased to $69,950 for married filing joint and qualifying widow(er) status, $34,975 for a married person filing separately and $46,200 for single and head of household status.
Prior to Congress passing the legislation, the Alternative Minimum Tax Exemption for 2008 returns was scheduled to drop to $45,000, $22,500 and $33,750, respectively.
In 2007 the comparable amounts were $66,250, $33,125 and $44,350.
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