OTHER BELOW-THE-LINE DEDUCTIONS
01.Core Concepts
• Available only to non-itemizers: • Charitable contributions of cash to a public charity (beginning in 2026) • Available to both itemizers and non-itemizers (for 2018-2025 under TCJA): • Qualified business income (QBI) Permanently extended and enhanced by OBBBA • Available to both itemizers and non-itemizers (for 2025-2028 under OBBBA): • Bonus deduction for seniors • Tip income • Overtime income • Car loan interest