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Deducting Real Estate Taxes State and local real estate taxes levied for the general public welfare are deductible for regular tax, but not for the AMT, if the tax is based on the assessed value of the property and charged uniformly against all property in the taxing authority's jurisdiction.   Deducting Retirement Community Fees Some retirement communities require a substantial one-time entrance or founder's fee in exchange for the facility's promise to provide lifetime living accommodations and care that includes medical care (i.e., lifetime care).   New Tax Legislation Includes Congress recently passed several tax bills, most notably the Tax Increase Prevention Act of 2007 (Tax Increase Prevention Act), which contained the so-called "AMT patch."