2018 Changes to Alternative Minimum Tax (AMT) for Individuals

 

The tax law that was passed by Congress and signed into law by President Trump on December 22, 2017 called the Tax Cuts and Jobs Act (H.R. 1) made several changes to the Alternative Minimum Tax (AMT). Below is the UPDATED information.

For tax years 2018 through 2025, the new law increases the AMT exemption amounts for individuals as follows:

  • $109,400 for married filing jointly and qualifying widow(ers)

  • $70,300 for single taxpayers

  • $54,700 for those who are married filing separately

The new law also increases the phase-out exemption amounts as follows:

  • $1,000,000 for married filing jointly and qualifying widow(ers)

  • $500,000 for single or married filing separately

For tax years after 2018, the amounts above will be indexed for inflation.