Tuesday, March 11, 2008

Federal Income Tax Deadline 2

Federal Income Tax DeadlineTax Day From Wikipedia, the free encyclopedia

Tax Day is the common American slang term for the day that income taxes are due from most employed American residents, usually April 15th.

Although income tax was collected once during the civil war, it was not collected yearly until 1913 when the 16th Amendment was added to the Constitution giving the United States Congress the legal authority to tax people's incomes. The filing deadline in 1913 was March 1. It was changed to March 15 in 1918, and to April 15 in 1955.
The filing deadline remains April 15, but in the event that it falls on a weekend or holiday, it moves to the next business day.

Tax Day occasionally falls on Patriots' Day, a civic holiday in the Commonwealth of Massachusetts and state of Maine, or the preceding weekend. When this occurs the tax deadline is extended by a day for the residents of Maine, Maryland, Massachusetts, New Hampshire, New York, Vermont, and the District of Columbia. This is because the IRS processing center for these areas is located in Andover, Massachusetts.

In 2007, Tax Day was on Tuesday, April 17, 2007 because April 15 fell on a Sunday and Monday April 16 was Emancipation Day, a legal holiday in the District of Columbia. In addition to these extensions, in 2007 due to a Nor'easter that hit, certain states were granted an additional 2 days for taxes bringing the deadline to April 19th. Those who filed under this extension had to write "April 16 Storm" on the return.

For 2008, Tax Day will be on Tuesday, April 15, 2008.

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