Will You Pay the AMT? Despite recent tax-law changes, many Americans are expected to pay the AMT this year. 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. Death is No Excuse The federal government requires deceased individuals to file a final income tax return. Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction.