FIRE'd@51
Thinks s/he gets paid by the post
- Joined
- Aug 28, 2006
- Messages
- 2,433
Today, Congress passed an AMT patch for tax year 2007. The patch is an increase in the exemption amount to $66,250 ($44,350) for joint (single) filers. In 2006 the exemption amount was $62,550 ($42,250) for joint (single) filers. Without the patch the exemption amount would have reverted to $45,000 ($33,750) for joint (single) filers.