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Tax information: ten often overlooked deductions

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Posted: Wednesday, April 6, 2005 12:00 am | Updated: 2:44 pm, Tue Jul 14, 2009.

WMNS--If you're having trouble starting your 2004 income taxes, don't despair. Following are ten tax breaks that could provide the motivation, and tax savings, you need:

1. CASUALTY DEDUCTION. You can claim a deduction for casualty and theft losses over a certain dollar amount. If you live in a federally declared disaster area, you may qualify for other tax breaks as well. Check at http://www.irs.gov/ and http://www.fema.gov/.

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