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Preset deduction amount, varies by filing status

Interest on mortgage debt up to $750,000$

Up to $10,000 for joint filers, or$5,000 for married filing separately

Expenses that exceed 7.5% of AGI

Cash contributions limited to 60% of AGI

Ordinary and necessary expenses for conducting a business

Up to $2,500 per year$

Lifetime Learning Credit up to $2,000; American Opportunity Tax Credit up to$2,500 per student

Up to $6,000 ($7,000 if age 50 or older)

Education that maintains or improves job skills

A portion of home expenses, based on the percentage of home used for business

Various credits for qualified home energy improvements

Up to $3,600 for self-only,$7,200 for family coverage in 2021

50% of the self-employment tax paid

Limits vary by type of retirement plan

Up to $3,000 for one qualifying individual or$6,000 for two or more

Losses due to theft, vandalism, fire, storm, or similar events, minus $100 and 10$

Up to $14,440 per child in 2021$

Losses up to the amount of gambling winnings

Credit for tax on income earned abroad

Deductible by the payer for divorce agreements executed before 2019

Up to 20% of qualified business income for pass-through entities

Deductible moving expenses for active-duty military

Expenses for transport between work locations, no regular workplace, or temporary work location

State income or sales taxes, real estate taxes, and personal property taxes

Interest paid on loans to purchase taxable investments, up to investment income

100% of premiums for medical, dental, and long-term care insurance

Ordinary and necessary expenses related to rental activity, such as mortgage interest, property tax, maintenance, and depreciation

Fees related to doing or keeping your job