The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Share | Related Content Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction. Get Paid for Going Green Those looking into environmentally minded home modifications may get a boost from Uncle Sam’s tax incentives. Tax Management Strategies Learn more about taxes, tax-favored investing, and tax strategies.