What is Luis Sanchez's Alternative Minimum Tax exemption for an AMTI of $150,000?

The Alternative Minimum Tax (AMT) exemption amount is a specific threshold that reduces the amount of income subject to AMT. For individuals, the AMT exemption is based on filing status.

As of the 2023 tax year, the exemption amount for a Single or Head of Household filer is $81,300, while for married couples filing jointly, it is $126,500. Given that Luis Sanchez has an AMTI (Alternative Minimum Taxable Income) of $150,000, his exemption would be the standard amount applicable for his filing status.

Assuming that Luis is filing as a single taxpayer, the exemption amount he would apply against his AMTI would indeed be $81,300. This amount directly reflects the tax law provisions regarding AMT exemptions for the applicable tax year. Therefore, when determining his potential AMT liability, this exemption allows him to reduce his income, resulting in a potentially lower AMT owed.

If Luis were filing in a different status or if there were other adjustments to consider, the exemption amount might vary. However, based on the current AMT exemption amount for a single filer, the correct answer is $81,300.