Most overlooked tax deductions

POSTED: 01:02 PM PST Jan 17, 2012    UPDATED: 07:19 AM PDT Mar 26, 2014 

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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Student Loan Interest Paid By Parents -- A child who is not claimed as a dependent can deduct up to $2,500 of student-loan interest paid by their parents.

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