D.C. Holiday Delays Tax Reckoning

Submitted by rkoreto on Thu, 01/05/2012 - 10:17

Income tax filing would normally fall on April 16 this year because April 15 is a Sunday, but taxpayers get another extra day, says the IRS, thanks to Emancipation Day. This April 16 holiday is celebrated in Washington, D.C., and according to federal law, District of Columbia holidays affect tax due dates the same way federal holidays do.

 
Emancipation Day, according to the National Archives, commemorates the date in 1862 that President Lincoln signed the District of Columbia Emancipation Act,  ending slavery in the capital. This was 8 1/2 months before President Lincoln issued the Emancipation Proclamation.
 
For those who like to get their information visually, the IRS explains this in a YouTube video.
 
The IRS expects to receive more than 144 million individual tax returns this year, with most of those being filed by the April 17 deadline.

 

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