In this paper we considerably improve on a state-of-theart alpha matting approach by incorporating a new prior which is based on the image formation process. In particular, we model the prior probability of an alpha matte as the convolution of a high-resolution binary segmentation with the spatially varying point spread function (PSF) of the camera. Our main contribution is a new and efficient deconvolution approach that recovers the prior model, given an approximate alpha matte. By assuming that the PSF is a kernel with a single peak, we are able to recover the binary segmentation with an MRF-based approach, which exploits flux and a new way of enforcing connectivity. The spatially varying PSF is obtained via a partitioning of the image into regions of similar defocus. Incorporating our new prior model into a state-of-the-art matting technique produces results that outperform all competitors, which we confirm using a publicly available benchmark.