NATIONAL TAX DAY
April 15th of each year is National Tax Day. In the United States, the term "tax day" refers to the day on which individual income tax returns are due to the federal government. The day may also refer to April 15th for state tax returns.
National Tax Day
The Federal income tax filing deadline is midnight on April 15th of every year, with extensions occurring when the 15th lands on a Saturday, Sunday, or a holiday. In those circumstances, the returns are due the first succeeding day which is not a Saturday, Sunday, or a holiday.
These dates can differ depending on the residence as well. Some years, due to extenuating circumstances such as natural disasters, more significant extensions have been granted by the Federal Government.
How to Observe National Tax Day
- Complete and file your taxes.
- Quote Benjamin Franklin: Nothing is certain but death, and taxes.
- Save a copy of your tax return in a safe place.
- Give a shout-out to your tax preparer.
National Tax Day History
Income tax was first collected in The United States in 1862 to fund the Civil War. It was deemed unconstitutional due to not being apportioned with conformity across the states. Once again, the United States enacted income tax with the 16th Amendment in 1913. At that time, the filing deadline was March 1. In 1918 the deadline was changed to March 15, and then in 1955, for the most recent change, the filing deadline was moved to April 15th. The day has come to be known as Tax Day.
Tax FAQ
Q. What is the full quote by Benjamin Franklin?
A. A. Following the ratification of the U.S. Constitution, Benjamin
Franklin wrote in a letter to French scientist Jean-Baptiste Le Roy:
"Our new Constitution is now established, everything seems to promise it
will be durable; but, in this world, nothing is certain except death
and taxes."
Q. I need an extension to file my taxes. What form to I use?
A. Visit irs.gov for a complete list of forms to request an extension. (not sure the irs link is still valid)
Also
Glazed Spiral Ham Day
Laundry Day
Purple Up! Day
Rubber Eraser Day
Take a Wild Guess Day
Titanic Remembrance Day
Today's Thought
Forget your mistakes and remember the lesson you learned.
05 Days until Easter
Just got the bill from them so going to pay the taxes today. Mom's is still out there but I think there is an end in sight. We have to the 30th to get it all done so all is good here. DD is still can't believe that seniors who are retired have to pay taxes on the pension that they paid taxes on when they paid it the first time. That is why there is no sense in the world. Have a great one and hope your taxes are little.
ReplyDeleteThere are no tax breaks for the working class. Withholding on my teacher retirement wasn't enough to cover taxes this year. We, no doubt, pay more than the 1%. It's a sad state of affairs.
DeleteOther than the taxes, make it a great day!! 😊