You Get Extra Time To File Your Taxes This Year
March 31, 2017 | Your Finances
Haven’t filed your taxes yet?
Not that we’re encouraging you to put them off any longer, but here’s something to keep in mind: You have three extra days this year to whisk your paperwork off to Uncle Sam.
That’s because tax day 2017 falls on Tuesday, April 18, almost half a week past the usual April 15 deadline.
No, the IRS isn’t trying to make life easier for chronic procrastinators. The later deadline is the result of a quirk in the calendar as well as a regional holiday.
Here’s the deal: April 15 happens to fall on a Saturday this year. When tax day occurs on a weekend, the IRS traditionally moves the deadline to the next working day, which is Monday.
“However, Emancipation Day — a legal holiday in the District of Columbia—will be observed on that Monday, which pushes the nation’s filing deadline to Tuesday, April 18, 2017,” states the IRS.
This holiday marks the end of slavery in Washington, D.C. On April 16, 1862, President Lincoln signed a law abolishing slavery throughout the city, liberating more than 3,000 African-Americans eight months before the Emancipation Proclamation went into effect on January 1, 1863, which freed all slaves across the South.
April 16 remains a special day for the District’s residents, explains DC.gov, the website for the city of Washington. “On the first Emancipation Day anniversary after the end of the Civil War, the city’s black community organized a huge parade.”
Emancipation Day continues to be an official holiday celebrated by Washington residents. Under the tax law, D.C. legal holidays affect the filing deadline across the nation, according to the IRS.
Mid-April this year happens to be chock-full of celebrations. Good Friday is on April 14; Easter falls on April 16. Massachusetts celebrates Patriot’s Day on Monday, April 17, and the 18th marks the last day of Passover.
With so many special days hitting at about the same time, better tackle your W-2s or 1099s earlier rather than later—so you can get them out of the way, observe any and all holidays, and of course, get that refund faster too!
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