Do You Have to Pay AMT? Eight Triggers to Watch Out For

Kelly Phillips Erb
Updated
Be aware of these eight AMT triggers
Be aware of these eight AMT triggers

The good news for taxpayers this year is that Congress finally got around to patching the Alternative Minimum Tax (AMT) for 2010. With just a couple of weeks left in the year, Congress increased the exemption for the AMT as part of the new tax deal signed into law on Dec. 17, 2010.

Under the new law, for 2010, the exemption amount has increased to $72,450 for married couples filing jointly; $47,450 for individual taxpayers and $36,225 for married couples filing separately.

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