Page 10

10 At least 200% but less than 300%

$975 $1,950 At least 300% but less than 400% $1,625 $3,250

.08 Rehabilitation Expenditures Treated as Separate New Building. For calendar year 2025, the per low-income unit qualified basis amount under § 42(e)(3)(A)(ii)(II) is $8,500. .09 Low-Income Housing Credit. For calendar year 2025, the amount used under § 42(h)(3)(C)(ii) to calculate the State housing credit ceiling for the low-income housing credit is the greater of (1) $3.00 multiplied by the State population, or (2) $3,455,000. .10 Employee Health Insurance Expense of Small Employers. For taxable years beginning in 2025, the dollar amount in effect under § 45R(d)(3)(B) is $33,300. This amount is used under § 45R(c) for limiting the small employer health insurance credit and under § 45R(d)(1)(B) for determining who is an eligible small employer for purposes of the credit. .11 Exemption Amounts for Alternative Minimum Tax. For taxable years beginning in 2025, the exemption amounts under § 55(d)(1) are: Joint Returns or Surviving Spouses $137,000 Unmarried Individuals (other than Surviving Spouses) $88,100 Married Individuals Filing Separate Returns $68,500 Estates and Trusts $30,700

For taxable years beginning in 2025, under § 55(b)(1), the excess taxable income above which the 28 percent tax rate applies is: Married Individuals Filing Separate Returns $119,550 All Other Taxpayers $239,100