The Most Overlooked Tax Deductions

From Kiplingers:

Years ago, the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed here.  Cut your tax bill to the bone by claiming all the breaks you deserve – including some you may have forgotten or never even knew about.

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A deduction for estate tax on income in respect of a decedent is one frequently overlooked.  The fiscal cliff deal signed in early January also gave a etroactive break for commuters who used public transit to get to work in 2012.