The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Related Content A Cheat Sheet for Sending Your Kid to College Dropping off your child is loaded with emotions; here are a few tips for a smoother experience. Five Most Overlooked Tax Deductions Five overlooked tax deductions to help manage your tax bill. A Penny Saved is Two Pennies Earned Here are some simple and inexpensive energy-saving tips that may help you save money.