Current:Home > reviewsWhy is tax day on April 15? Here's what to know about the history of the day -Thrive Success Strategies
Why is tax day on April 15? Here's what to know about the history of the day
View
Date:2025-04-11 21:20:10
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 The act was later repealed, re-adopted and then held unconstitutional.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! (3875)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Don't Speed Past Keanu Reeves and Alexandra Grant's Excellent Love Story
- 41,000 people were killed in US car crashes last year. What cities are the most dangerous?
- 7 killed, dozens injured in Mississippi bus crash
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Slash's stepdaughter Lucy-Bleu Knight, 25, cause of death revealed
- Watch as shooting star burns brightly, awes driver as it arcs across Tennessee sky
- Defending champion Coco Gauff loses in the U.S. Open’s fourth round to Emma Navarro
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Gen Z wants an inheritance. Good luck with that, say their boomer parents
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- How Swimmer Ali Truwit Got Ready for the 2024 Paralympics a Year After Losing Her Leg in a Shark Attack
- 49ers wide receiver Pearsall shot during attempted robbery in San Francisco, officials say
- How Swimmer Ali Truwit Got Ready for the 2024 Paralympics a Year After Losing Her Leg in a Shark Attack
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Thousands to parade through Brooklyn in one of world’s largest Caribbean culture celebrations
- Johnny Gaudreau's Wife Breaks Silence After NHL Star and Brother Killed in Biking Accident
- Gen Z wants an inheritance. Good luck with that, say their boomer parents
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Brad Pitt and Girlfriend Ines de Ramon Arrive in Style for Venice International Film Festival
Christa McAuliffe, still pioneering, is first woman with a statue on New Hampshire capitol grounds
Scottie Scheffler caps off record season with FedEx Cup title and $25 million bonus
This was the average Social Security benefit in 2004, and here's what it is now
Tyrese opens up about '1992' and Ray Liotta's final role: 'He blessed me'
The Vistabule DayTripper teardrop camper trailer is affordable (and adorable)
Hoping to return to national elite, USC defense, Miller Moss face first test against LSU