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Wednesday, January 12, 2011

Alternative Minimum Tax (AMT)

The Tax Act of 2010 includes a 'patch' for AMT for 2010 and 2011:

.  For 2010, the AMT exemption amounts will be $47,450 for unmarried individuals and $72,450 for married individuals filing jointly.

.  For 2011, the amounts will be $48,450 and $74,450 respectively.

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