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The Truth Is Empty

The meaning of the word truth extends from honesty, good faith, and sincerity in general, to agreement with fact or reality in particular. The term has no single definition about which a majority of professional philosophers and scholars agree, and various theories of truth continue to be debated. There are differing claims on such questions as what constitutes truth; how to define and identify truth; the roles that revealed and acquired knowledge play; and whether truth is subjective, relative, objective, or absolute. This article introduces the various perspectives and claims, both today and throughout history.
Reality, in everyday usage, means "the state of things as they actually exist".  The term reality, in its widest sense, includes everything that is, whether or not it is observable or comprehensible. Reality in this sense may include both being and nothingness, whereas existence is often restricted to being (compare with nature). In other words, "reality", as a philosophical category, includes the formal concept of "nothingness" and articulations and combinations of it with other concepts (those possessing extension in physical objects or processes for example).

In the strict sense of western philosophy, there are levels or gradation to the nature and conception of reality. These levels include, from the most subjective to the most rigorous: phenomenological reality, truth, fact, and axiom.

Sources:
http://en.wikipedia.org/wiki/Truth
http://en.wikipedia.org/wiki/Reality