2025 Itemized Deductions List. Itemized deductions are certain expenses allowed by the irs that can decrease your taxable income (aka the amount of your income that's subject to taxes). The 2017 law eliminated this category of itemized deductions through 2025.

What are potential drawbacks of choosing itemized deductions over the standard. Changes to marginal tax rates and brackets, itemized deductions, tax exemptions, credits, and other portions of the federal tax system are set to expire at the.