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Archive Home > 2008 > October > 05 > ALTERNATIVE MINIMUM TAX In the bailout package, benefits for consumers

ALTERNATIVE MINIMUM TAX In the bailout package, benefits for consumers

By New York Times News Service / The Bulletin
October 5, 2008

The new law includes a provision to protect middle-class taxpayers from the alternative minimum tax by reducing the amount of income that is subject to the tax. For joint filers, the exemption would increase to $69,950 from $66,250 in 2007, and, for singles, to $46,200 from $44,350. As in prior....

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