Most overlooked tax deductions

POSTED: 01:02 PM PST Jan 17, 2012    UPDATED: 06:26 AM PDT Apr 15, 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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American Opportunity Credit -- This tax credit is available for up to $2,500 of college tuition and related expenses paid during the year.

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