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Tax Provisions Expiring after 2013:

For individuals:

  • Above-the-line deduction for certain expenses of elementary and secondary school teachers.

  • Deduction for state and local sales taxes.
  • Above-the-line deduction for qualified tuition and related expenses.
  • Deduction for mortgage insurance as qualified interest.

For businesses:

  • Research and experimentation tax credit.
  • Work opportunity tax credit.
  • Increase in expensing to $500k/$2M and expansion of definition of $179 property.
  • 15-year straight-line cost recovery for qualified leasehold, restaurant and retail improvements.