Most overlooked tax deductions

POSTED: 11:20 AM PST Jan 12, 2012    UPDATED: 12:00 AM PDT Apr 15, 2015 

Waiting until the last minute to file your taxes? Find out how to cut your tax bill by claiming all the breaks you deserve.

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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.

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