Tax Management Strategies The slideshow presentation that you would like to view is too large for your current screen resolution. Click here to view to view the slideshow at full resolution. Launch Presentation » Share | Related Content Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction.