Tax Management Strategies The slideshow presentation that you would like to view is too large for your current screen resolution. Click here to view to view the slideshow at full resolution. Launch Presentation » Share | Related Content The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. How Income Taxes Work A quick look at how federal income taxes work. Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction.