Tax Day (Taxes Due) History
Tax Day marks the last day to file income taxes in the United States. The history of US Income Tax dates back to the Civil War and the Revenue Act of 1861. This tax was imposed to help pay the costs of the war. After several repeals, new taxes, and subsequent repeals, the 16th Amendment to the US Constitution was ratified and went into law in 1913. This established the right of Congress to impose a Federal Income tax.
The Income Tax remains the primary way that the US Government finances itself. To ensure that all monies due for the prior year are paid, a Tax Day was created. All US taxpayers are required to file taxes based on prior years earnings by this date. Traditionally, this date has been on April 15 of each year. If this day falls on a weekend, the due date is extended to the following Monday. This date is also impacted by the Emancipation Day Holiday in Washington DC.
Top Tweets for Tax Day -
In the News and Trending for Tax DayUpdated Tax Day is now 3 months away. Here are 3 tax savings opportunities
cnbc.comTax Day is no longer April 15 this year, but you can still file for a refund
foxbusiness.comCoronavirus and Tax Day: Deadline extended, but you can file now for a refund
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Tax Day (US) Facts & Quotes
Tax Day (Taxes Due) Top Events and Things to Do