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Taxpayers Anxiously Await Annual 'Patch' to Alternative Minimum TaxMyFoxWausauOct. 25, 2010 |
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 In 2008 Congress set the exemption for the AMT at $70,950 for married couples filing jointly, the largest group impacted by the AMT. If it fails to enact a post-election patch, that exemption will revert to $45,000, the original exemption amount, ensnaring millions of taxpayers in a tax hike that would total $70 billion, according to Bill Ahern of the Tax Foundation. Full Story 
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