Most overlooked tax deductions
POSTED: 11:20 AM PST Jan 12, 2012
UPDATED: 11:00 PM PST Feb 14, 2013
Cut your tax bill to the bone by claiming all the breaks you deserve -- including some you may not know about.
Tax-Free Transit Subsidy -- The fiscal cliff deal brought a retroactive break for commuters who used public transit to get to work in 2012. Folks who took the bus or train can now receive up to $240 tax-free from their employers to cover the cost of transit expenses. Check with your human resources office to see if your employer offers a transit-subsidy program.
