Which of the following is a common item included in itemized deductions?

Home mortgage interest is a widely recognized item that taxpayers can include in their itemized deductions. This deduction allows homeowners to deduct the interest paid on a loan secured by their primary residence or a second home, providing substantial tax relief. It is particularly advantageous for those with significant mortgage balances, as mortgage interest can accumulate to a notable amount over the life of the loan.

In contrast, although health care premiums can sometimes be deducted if they exceed a specific percentage of adjusted gross income, they are subject to limitations and do not automatically qualify as a standard itemized deduction for all taxpayers. Life insurance premiums are generally not deductible by the policyholder. Lastly, contributions to retirement accounts can often provide tax benefits, but they are primarily handled through specific tax forms and are not included in the itemized deductions list.