Current:Home > ScamsWhy is tax day on April 15? Here's what to know about the history of the day -Wealth Navigators Hub
Why is tax day on April 15? Here's what to know about the history of the day
View
Date:2025-04-16 02:00:14
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 The act was later repealed, re-adopted and then held unconstitutional.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! (3)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Georgia has the nation’s only Medicaid work requirement. Mississippi could be next
- New Hampshire man convicted of killing daughter, 5, whose body has not been found
- The authentic Ashley McBryde
- Senate begins final push to expand Social Security benefits for millions of people
- James Biden, Joe Biden's brother, tells lawmakers the president had no involvement in family's business dealings
- Ford recalls over 150,000 Expedition, Transit, Lincoln Navigator vehicles: What to know
- The Excerpt podcast: The ethics of fast fashion should give all of us pause
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Kentucky's second-half defensive collapse costly in one-point road loss to LSU
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- ‘Little dark secret': DEA agent on trial accused of taking $250K in bribes from Mafia
- Robert Port, who led AP investigative team that won Pulitzer for No Gun Ri massacre probe, dies
- Leaked document trove shows a Chinese hacking scheme focused on harassing dissidents
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Two steps forward, one step back: NFL will have zero non-white offensive coordinators
- 90 Day Fiancé’s Mary Denucciõ Clarifies She Does Not Have Colon Cancer Despite Announcement
- Trial to determine if Texas school’s punishment of a Black student over his hair violates new law
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Death of Nex Benedict did not result from trauma, police say; many questions remain
Mudslides shut down portions of California's Pacific Coast Highway after heavy rainfall
Mudslides shut down portions of California's Pacific Coast Highway after heavy rainfall
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Can Jennifer Lopez's 'This Is Me... Now' say anything new?
Cartel video shows gunmen shooting, kicking and burning bodies of enemies, Mexican police confirm
Video shows Texas Girl Scout troop being robbed while selling cookies at Walmart