On the other hand, below-the-line deductions can be used only if you itemize deductions. "Examples of common below-the-line deductions are mortgage interest, medical expenses and state and local ...
Meal expenses are typically deductible at 50%, though exceptions apply (for example, meals during company events may be fully deductible). If you use your personal vehicle for business ...
The interest on home equity loans is deductible if you use the loan to buy, build, or improve the home. The loan can't exceed the cap based on tax filing status.