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At what income level do I need to worry about Alternative Minimum tax?


ANSWER


Expert Wray Rives's Answer:

 For 2011 the AMT exemptions levels are:

 

Married filing jointly  $72,460

Single & HOH           $47,450

Married filing sep.    $36,225

 

IRC Sec 56

Wray Rives, CPA

Texas

29 yrs experience

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