Tax Changes for 2006 (Pt 6)

For tax year 2006, the alternative minimum tax (the dreaded AMT) exemption rises to $62,500 for a married couple filing a joint return and to $42,500 for single persons and heads of household. Don’t get too excited, though, as those amounts are slated to drop in 2007.

Leave a Reply

Your email address will not be published. Required fields are marked *