1. There deductible is phased out, for example, mortgage, property tax, state tax deductible will be phased out. this could be several thousand doallr
Q.1:mortgage interest will phase out based on income? How much income?
Q.2:you cannot claim property tax, state tax deduction if you are hit by AMT. but for high earners, their TMT is higher than AMT, so they should still be able to claim these.