Most overlooked tax deductions

Published On: Jan 17 2012 04:02:21 PM EST   Updated On: Mar 26 2014 10:19:55 AM EDT

Cut your tax bill to the bone by claiming all the breaks you deserve -- including some you may not know about.

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Estate Tax On Income In Respect Of Decedent -- If you inherited an IRA from someone whose estate was big enough to be subject to the federal estate tax, you get an income-tax deduction for the amount of estate tax paid on the IRA assets you received.

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