"Preference items" refers to things that we like or prefer over other options. It can be anything from food, clothes, or activities that we enjoy more compared to others. Full definition
At exercise, the difference between the grant price and the exercise price is a tax preference item for calculating the alternative minimum tax. (danielzajac.com)
The largest preference item was the portion of capital gains excluded from the regular income tax. (taxpolicycenter.org)
The largest preference item was the portion of capital gains excluded from the regular income tax. (taxpolicycenter.org)