Tax Brackets

The alternative minimum tax (AMT) was created in the 1960s to prevent high-income taxpayers from avoiding the individual income tax.  This parallel income tax system requires high-income taxpayers to calculate their tax bill twice: once under the oridinary income tax system and again under the AMT, paying the higher of the two.

The AMT exemption amount for 2025 is $88,100 for singles and $137,000 for married couples filing jointly.

In 2025, the 28 percent AMT rate applies to excess AMT of $239,100 for most taxpayers, with $119,550 for married filing separate returns.

The alternative minimum tax (AMT) was created in the 1960s to prevent high-income taxpayers from avoiding the individual income tax.  This parallel income tax system requires high-income taxpayers to calculate their tax bill twice: once under the oridinary income tax system and again under the AMT, paying the higher of the two.

The AMT exemption amount for 2024 is $85,700 for singles and $133,300 for married couples filing jointly.

In 2024, the 28 percent AMT rate applies to excess AMT of $232,600 for most taxpayers, with $116,300 for married filing separate returns.

Sources :  Revenue Procedure 2022-40 and 2024-40.

Tax brackets are provided for informational use only and should not be used for preparation of your tax return.  Income tax is complex.  A qualified tax professional may assist you with determining your overall income tax liability.  Consult your attorney, accountant, or tax advisor for your specific situation.   Tax, legal, or social security claiming services are not offered through or supervised by Lincoln Investment or Capital Analysts.