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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.

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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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