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. Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. Tax Management Strategies Learn more about taxes, tax-favored investing, and tax strategies.