Provisions to sharply limit the AMT’s impact—enacted in 2018 under the Tax Cuts and Jobs Act and set to expire at the end of this year—would be made permanent under the proposed bill.
That’s good news for most individual taxpayers.
Currently, the AMT exemption is $137,000 for married couples filing jointly and $88,100 for singles, and the phaseout begins at incomes of $1,252,700 for couples and $626,350 for singles.
In contrast, in 2017, the exemption was $84,500 for couples and $54,300 for singles, and it began phasing out at incomes of $160,900 and $120,700 respectively.
https://www.barrons.com/articles/amt-tax-law-salt-0adff8e6
