AMT Exemption

(redirected from Alternative Minimum Tax Exemptions)

AMT Exemption

The amount of a person or company's income or profit that is not subject to the alternative minimum tax. The AMT exemption gradually decreases as one's income or profit increases.
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This "extenders bill" will continue relief for couples impacted by the "marriage penalty" until 2010, keep the 10% tax bracket through 2010, and prolong higher alternative minimum tax exemptions through 2005.

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