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.