Tax Day 2016 approaching

In 8 days, Tax Day 2016 will be here. The 2016 Tax Deadline for 2015 federal taxes filed is April 18th, 2016. The IRS pushed Tax Day 2016 back by three days this year. The deadline for filing 2016 tax extensions as well as 2015 tax returns is approaching rapidly. Tax Deadline 2016 approaching very soon.

We have had the question recently: Why is Tax Day 2016 on April 18th, 2016 this year?

Answer:

The deadline for filing taxes this year coincides with a little known holiday known as Emancipation Day. This fact also happens to be the answer to the question on everyone’s mind right now: Why is tax day on April 18 this year? In the United States, most of us are in the habit of marking an earlier day our individual income tax returns are due — a day colloquially (and aptly) called “Tax Day.”

Since 1955, April 15 has historically been the drop-dead deadline for tax filers living in the States. Although — here’s another nugget o’ trivia for you — the OG filing deadline for individuals was March 1. Also known as early AF to those of us who like to procrastinate. So what gives with this year? Not to look a gift horse in the mouth or anything, but how come we’re getting three extra days to accomplish our mad dash to get everything filed? Well, it looks like we all owe ol’ Honest Abe Lincoln a posthumous pat on the back, because it all comes down to Emancipation Day and where the holiday falls during the calendar year. Just so we’re all in the know, here’s a brief history of how this how Tax Day thing has played out.

Emancipation Day marks the momentous date in 1862 when President Lincoln freed 3,100 slaves who lived in the nation’s capital. He did so by signing into effect the Compensated Emancipation Act. (Not to be confused with the Emancipation Proclamation, which was issued on Jan. 1, 1863.)

Will Tax Day Go Back To April 15 Next Year? Nope! In 2017, Tax Day falls on April 18 in 2017 and April 17 in 2018. Mark your calendars now,folks.

Thanks for reading and we have some tidbits of actual good news below:

Here are some great deals to take the sting out of Tax Day 2016.

All Tax Day 2016 news available here.