Tax Facts

779 / What is the alternative minimum tax exemption?

Editor’s Note: The 2017 tax reform legislation temporarily increased the AMT exemption amount to $109,400 for married taxpayers filing joint returns (half this amount if separate returns are filed) and $70,300 for all other taxpayers (other than estates and trusts, where the exemption is $24,600).

For 2025, the AMT exemption amounts are: $137,000 for married taxpayers filing joint returns (half this amount if separate returns are filed) and $88,100 for all other taxpayers (other than estates and trusts, where the exemption is $30,700).

For 2024, the AMT exemption amounts are: $133,300 for married taxpayers filing joint returns (half this amount if separate returns are filed) and $85,700 for all other taxpayers (other than estates and trusts, where the exemption is $29,900).

The applicable phaseout thresholds are $1,252,700 for married filing jointly and $626,350 for all other taxpayers in 2025 and $1,218,700 for married filing jointly and $609,350 for all other taxpayers in 2024.

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