Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? 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. Five Most Overlooked Tax Deductions Five overlooked tax deductions to help manage your tax bill. Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction.