Current:Home > NewsWhy is tax day on April 15? Here's what to know about the history of the day -PrimeFinance
Why is tax day on April 15? Here's what to know about the history of the day
View
Date:2025-04-12 22:08:33
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 The act was later repealed, re-adopted and then held unconstitutional.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! (93537)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Federal jury acquits Louisiana trooper caught on camera pummeling Black motorist
- Judge restricts WNBA’s Riquna Williams to Vegas area following felony domestic violence arrest
- Getting to Sesame Street (2022)
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Bud Light boycott takes fizz out of brewer's earnings
- Exclusive: First look at 2024 PGA Tour schedule; 4 designated events to keep 36-hole cut
- The Hills' Whitney Port Says She Doesn't Look Healthy Amid Concern Over Her Weight
- The Best Stocking Stuffers Under $25
- U.S. pushes Taliban on human rights, American prisoners 2 years after hardliners' Afghanistan takeover
Ranking
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- USA needs bold changes to have chance vs. Sweden. Put Julie Ertz, Crystal Dunn in midfield
- Two lots of Tydemy birth control pills are under recall. The FDA warns of ‘reduced effectiveness’
- Texas Attorney General Ken Paxton to appear in Houston court hearing for his securities fraud trial
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Mississippi ex-law enforcement charged with civil rights offenses against 2 Black men during raid
- Apple AirPods Pro are still the lowest price ever—save 20% with this Amazon deal
- Deep-sea mining could help fuel renewable energy. Here's why it's been put on hold.
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Teen Mom Alum Jenelle Evans' Son Jace Is All Grown-Up in 14th Birthday Photos
Mother gets 14 years in death of newborn found floating off Florida coast in 2018
Legendary goalkeeper Gianluigi Buffon announces retirement after 28-year career
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Georgia Gov. Brian Kemp dangles the possibility of increased state spending after years of surpluses
Ukraine says Russia hits key grain export route with drones in attack on global food security
Orlando Magic make $50K donation to PAC supporting Ron DeSantis presidential campaign