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 Filing Final Tax Returns for the Deceased The federal government requires deceased individuals to file a final income tax return. What the New Tax Bill Means for You What does the Tax Reform and Jobs Act mean for you? Tax Rules When Selling Your Home The tax rules governing profits you realize from the sale of your home have changed in recent years.