Exemption amount. The exemption amount on Form 6251, line 5, has increased to $75,900 ($118,100 if married filing jointly or qualifying surviving spouse; $59,050 if married filing separately). Also, the amount used to determine the phaseout of your exemption has increased to $539,900 ($1,079,800 if married filing jointly or qualifying surviving spouse). AMT tax brackets.
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What is the alternative minimum tax from Form 6251?Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of alternative minimum tax (AMT) that a taxpayer may owe. Some taxpayers with higher incomes can claim certain deductions that allow them to reduce their regular tax obligation. Who Must
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