Posted on April 15, 2016 at 11:05 AM by Victoria Mulherin
April 15 is National Tax Day
Did you know that income tax was first collected in The United States in 1862 to fund the Civil War? It was deemed unconstitutional due to not being apportioned with conformity across the states. The United States once again enacted income tax with the 16th Amendment in 1913. At that time, the filing deadline was March 1. In 1918 the deadline was changed to March 15 and then in 1955 for the most recent change, the filing deadline was moved to April 15th. The day has come to be known as Tax Day.
April 15 of each year is traditionally known as National Tax Day. In the United States, Tax Day is a term for the day on which individual income tax returns are due to the federal government. Tax Day may also refer to April 15 for state tax returns. Federal income tax filing deadline is midnight on April 15th of every year with extensions occurring when the 15th lands on a Saturday, Sunday or a holiday. In those circumstances, the returns are due the first succeeding day that is not a Saturday, Sunday or a holiday. These dates can differ depending on residence as well. Some years, due to extenuating circumstances such as natural disasters larger extensions have been granted by the Federal Government.