Most overlooked tax deductions

Published On: Jan 12 2012 01:20:55 PM CST   Updated On: Feb 15 2013 01:00:00 AM CST

The first day the IRS will accept your tax return is Jan. 20. Find out how to cut your tax bill to the bone by claiming all the breaks you deserve.

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Refinancing Points -- When you refinance, can deduct the points on the new loan over its lifetime. That means you can deduct 1/30th of the points a year if it's a 30-year mortgage, resulting in $33 a year for each $1,000 in points you paid.

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