| Alternative Minimum Tax (AMT) Relief
The AMT Exemption was increased to $69,950 for married filing jointly, $34,975 for married filing separately, and $46,200 for single and head of household. The exemption phases out on a $1 to $4 basis above the threshold of $150,000 for marries filing jointly, $75,000 for marries filing separately, and $112,500 for single and head of household. These changes were scheduled to expire at the end of 2008, but have subsequently been extended (see Tax Law Changes Impacting 2009 Tax Returns).
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