Leaving Your Lasting Legacy Want to do more with your wealth? You might want to consider creating a charitable foundation. Related Content 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. What's My Potential Estate Tax? This calculator helps estimate your federal estate tax liability. Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction.