ITEMIZED DEDUCTION DIFFERENCES (2026)
01.Core Concepts
Differences Deductible for AMT Deductible for Regular Tax None Qualified mortgage interest only Qualified mortgage interest only Home Mortgage Interest None Excess above 7.5% AGI Excess above 7.5% AGI Medical Lose all tax deductions under AMT (except qual. motor vehicles) Not deductible, except tax on qualified motor vehicles Property/sales/use ad valorem deductible Taxes None Same as regular Gambling losses, estate tax on IRD, annuity losses, K-12 educator expenses Miscellaneous None Same as regular Regular rules Charitable None Same as regular Regular rules Casualty