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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Student Loan Interest Paid By Parents -- A child who is not claimed as a dependent can deduct up to $2,500 of student-loan interest paid by their parents.

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