Question

Calculate the exemption amount for the following cases in 2019 for a married taxpayer filing jointly and a married taxpayer filing separately.

Case AMTI 1 $350,000 2 1,200,000 3 1,800,000

Click here to access the exemption table.

For each case above, compute the AMT exemption for 2019. If an amount is zero, enter a "0".

Case MFJ AMT Exemption MFS AMT Exemption 1 $ $ 2 $ $ 3 $ $

Answer 1

2019 AMT exemption and phase out had been as under. AMT phase out means AMT Income beyond specified amount would not enjoy any exemption :

Filing status	2019 AMT exemption amount	AMT Phase Out
Single and other unmarried individuals	$71,700	$510,300
Married filing jointly	$111,700	$1,020,600
Married filing separately	$55,850	$510,300

Based on above following is the answer :

Case	AMTI	MFJ	MFS	Remark
		AMT Exemption	AMT Exemption
1	350,000.00	111,700.00	55,850.00
2	1,200,000.00	-	-	Since the income is over phase out no exemption
3	1,800,000.00	-	-	Since the income is over phase out no exemption