Leaders of the congressional tax-writing committees told the Internal Revenue Service that they planned to make imminent changes in the alternative minimum tax, and that the IRS should start producing accurate tax forms for the 2007 filing season.
In a letter to Acting IRS Commissioner Linda Stiff, the congressional leaders said that the exemption amount for 2007 would be set at $44,350 for individuals and $66,250 for married taxpayers filing jointly.
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