Most overlooked tax deductions

Published On: Jan 12 2012 11:20:55 AM PST   Updated On: Feb 14 2013 11:00:00 PM PST

The first day the IRS will accept your tax return is Jan. 20. Find out how to cut your tax bill to the bone by claiming all the breaks you deserve.

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Out-Of-Pocket-Charitable Deductions -- you can write off out-of-pocket costs incurred while doing work for a charity, such as driving costs or ingredients for food prepared for a nonprofit organization's soup kitchen.

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