“NATIONAL TAX DAY” | Grandma’s Stories

Apr 15th “NATIONAL TAX DAY”

Due to Covid the IRS again Tax Return Deadline – Word of precaution, not every state is the same – Details Here.

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.

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 that 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 #NationalTaxDay

Complete and file your taxes. Whether you prepare your taxes yourself or have a professional prepare them for you, only a couple of things are certain in life – death, and taxes. Or so Benjamin Franklin once said. Use #NationalTaxDay to post on social media.

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.

The United States once again 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.