Most overlooked tax deductions

Published On: Jan 12 2012 01:20:55 PM CST   Updated On: Apr 15 2015 02:00:30 AM CDT

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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Additional Bonus Depreciation -- Business owners can write off 100 percent of the cost of qualified assets placed in service during 2011. This break applies only to new assets with recovery periods of 20 years or less, such as computers, machinery, equipment, land improvements and farm buildings.

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