Thursday, March 30, 2017

Tax Day

Most of us realize that our taxes are due by April 15th every year. 
However, in 2017, the official Tax Day is actually three days later, April 18th, and here’s why. April 15 is a Saturday. The tax deadline is always postponed when it falls on a weekend or legal holiday. April 16 is also on the weekend: This day is usually celebrated as Emancipation Day in Washington, D.C., marking President Lincoln’s April 16, 1862, signing of a law freeing slaves there. April 17, a Monday, is when Emancipation Day in Washington is being legally celebrated in 2017. Under the tax code, legal holidays in the nation’s capital affect the tax-filing deadline across the nation. So…April 18, a Tuesday, is the tax deadline this year.
You can file an extension but be aware that an extension of time to file your return does not grant you any extension of time to pay your taxes.

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