Current:Home > NewsWhy is tax day on April 15? Here's what to know about the history of the day -AssetLink
Why is tax day on April 15? Here's what to know about the history of the day
View
Date:2025-04-17 01:32:01
Are you ready? Tax day is here.
Tax day, or the last day for U.S. taxpayers to file a 2023 return, falls on April 15 almost every year, unless that day conflicts with a weekend or a holiday. And April 15 is on a Monday this year, so tax day continues as planned for most states.
If you're not ready to submit your taxes today, April 15 is also the last day to file an extension, which grants a six-month extension and greatly reduces any potential penalties or interest rates that can come with filing late.
We know that April 15 is tax day, but why was it chosen, and how long has it been designated as the last day to file taxes? Here's what to know about the history of April 15.
Tax Day 2024 live updates:What to know about extensions, free file, deadlines and refunds
Why is tax day on April 15?
April 15 as the designated last day to file taxes in the U.S. has historic origins.
President Abraham Lincoln first added a federal income tax with the Revenue Act of 1861 to help fund the Civil War. Taxes were based on assessments not voluntary tax returns, the date they were due varied. The act was later repealed, re-adopted and then held unconstitutional.
The 16th Amendment to the Constitution was ratified in 1913, which gave Congress the authority to tax all incomes. The first filing deadline in 1913 was March 1, which was changed to March 15 in 1918 and finally to April 15 in 1955 to allow for more time for people to prepare their returns.
The deadline remains on April 15 today, unless it conflicts with a holiday or a weekend.
Is tax day a federal holiday?
Although it is the last day to submit a federal tax return, April 15 is not a federal holiday. Government agencies, schools, banks, the post office and other businesses will remain open as usual.
Tax day is only delayed if April 15 falls on a weekend or a holiday and if so, the deadline is moved to the next business day, the IRS says.
What other tax deadlines fall on April 15?
Tax Day is not just the deadline to file your federal taxes for the prior year.
If you earn income that isn't subject to withholding taxes, you're typically required to make estimated tax payments to the IRS. The agency divides the year into four quarterly payment periods, and the first quarterly payment for 2024 is due today.
Most state taxes are also due on April 15. Residents of Massachusetts and Maine have until April 17 to file federal taxes because of state holidays. There are other exceptions.
Contributing: Daniel de Visé, USA TODAY.
veryGood! (99496)
Related
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Top UN court orders Azerbaijan to ensure the safety of Nagorno-Karabakh people
- Despite loss of 2 major projects, New Jersey is moving forward with its offshore wind power goals
- Spain’s Pedro Sánchez beat the odds to stay prime minister. Now he must keep his government in power
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Man accused of kidnapping a 9-year-old girl from New York park is charged with rape
- Former NBA stars convicted of defrauding the league's health insurance of millions
- Top UN court orders Azerbaijan to ensure the safety of Nagorno-Karabakh people
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- High-ranking Mormon church leader Russell Ballard remembered as examplar of the faith
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- What to know about grand jury evidence on actor Alec Baldwin and the 2021 fatal film set shooting
- NFL host Charissa Thompson says on social media she didn’t fabricate quotes by players or coaches
- Former Nigerian central bank chief arraigned and remanded in prison for alleged fraud
- Meta donates $1 million to Trump’s inauguration fund
- Indian troops kill 5 suspected rebels in Kashmir fighting, police say
- Elon Musk faces growing backlash over his endorsement of antisemitic X post
- Fox Sports' Charissa Thompson Reacts to Backlash Over Her Comments About Fabricating Sideline Reports
Recommendation
$1 Frostys: Wendy's celebrates end of summer with sweet deal
This week on Sunday Morning: The Food Issue (November 19)
How 'Fahrenheit 451' inspires BookPeople of Moscow store to protect books and ideas
New York appeals court temporarily lifts Trump gag order in civil fraud trial
Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
Godmother of A.I. Fei-Fei Li on technology development: The power lies within people
Amazon lays off hundreds in its Alexa division as it plows resources into AI
Israel considering deal with Hamas for temporary Gaza cease-fire in exchange for release of some hostages