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Other important ones include the deduction for property taxes and low taxes on the gains from sales of primary residences.
In its 2006 budget proposal released in February, the Bush Administration called for $1.4 trillion in tax cuts over ten years, yet didn't even bother to include the deduction for non-itemizers.
Other prominent tax breaks include the deduction for home mortgage interest and the lower tax rates for capital gains than for earned income. .
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The list includes the deduction for employer-provided health care insurance, the deduction for mortgage interest, the deduction for state and local income taxes, the deduction for charitable contributions, and deductions for retirement savings.
Most deductions apart from home mortgage interest and charitable deductions would be eliminated, including the deduction for state and local taxes, which currently provide a major break on federal income taxes for residents of coastal and high-tax states.
To raise the roughly $1 trillion over 10 years that would be collected simply by letting the high-end tax rates expire, as President Obama has called for, would require huge cutbacks in tax breaks that most Americans don't consider loopholes, including the deductions for mortgage interest and for state and local taxes.
That didn't include the deductions he made for rent and utilities for the cramped quarters he provided.
And the tax breaks to be reduced or repealed include the deductions and credits for mortgage interest, college tuition and health insurance.
That didn't include the deductions he made for the cramped quarters he provided.
But they've done little to curb the natural growth of the nearly 180 federal tax expenditures already on the books, including such biggies as the deduction for home mortgage interest and the tax exclusion for employer-provided health care benefits.
Those include the medical expense deduction, the deduction for state and local income taxes, and capping the mortgage interest deduction at $500,000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com