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 Is Tax Reform on the Agenda? There’s been a lot of talk about Tax Reform. What might it look like? Six Most Overlooked Tax Deductions Six overlooked tax deductions to help manage your tax bill. Tax Management Strategies Learn more about taxes, tax-favored investing, and tax strategies.