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EXHIBIT 8-5 2021 AMT Exemptions Filing Status Exemption Phase-Out Begins at This Level of AMTI Phase-Out Complete for This Level of AMTI $114,600 $1,047,200 $1,505,600 Married filing jointly Married filing separately Head of household and single 57,300 523,600 752,800 73,600 523,600 818,000 Required information [The following information applies to the questions displayed below.] Corbett's AMTI is $606,000. What is his AMT exemption under the following alternative circumstances? Exhibit 8-5. a. He is married and files a joint return. Amount of AMT exemption Required information [The following information applies to the questions displayed below.] Corbett's AMTI is $606,000. What is his AMT exemption under the following alternative circumstances? Exhibit 8-5. b. He is married and files a separate return. Amount of AMT exemption Required information [The following information applies to the questions displayed below.] Corbett's AMTI is $606,000. What is his AMT exemption under the following alternative circumstances? Exhibit 8-5. c. His filing status is single. Amount of AMT exemption Required information [The following information applies to the questions displayed below.] Corbett's AMTI is $606,000. What is his AMT exemption under the following alternative circumstances? Exhibit 8-5. d. His filing status is head of household. Amount of AMT exemption

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