### Question
How is the "exemption amount" defined?


### Answer
The term **exemption amount** is defined in *26 U.S.C. § 55* as follows -

> $40,000

#### Citation:
  - *26 U.S.C. § 55*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART VI-ALTERNATIVE MINIMUM TAX**

