Originally Posted by
FXLAX
I don't believe this is correct. I think the AMT was only repealed for businesses but the personal AMT was raised to $1M threshold.
You're right, that quote from that article was end of Nov, but the personal AMT came back in the final with higher exemption and most importantly the phase out on the exemption is at 1M for most. The tax advise I think is still valid. The other paragraph was after the final bill came out.
Here's the final AMT gouge:
The conference agreement temporarily increases both the exemption amount and the exemption amount phaseout thresholds for the individual AMT. Under the provision, for taxable years beginning after December 31, 2017, and beginning before January 1, 2026, the AMT exemption amount is increased to $109,400 for married taxpayers filing a joint return (half this amount for married taxpayers filing a separate return), and $70,300 for all other taxpayers (other than estates and trusts). The phaseout thresholds are increased to $1,000,000 for married taxpayers filing a joint return, and $500,000 for all other taxpayers (other than estates and trusts). These amounts are indexed for inflation.