The Tax Man arrives a few days late this year, as a D.C. holiday affords filers an extra weekend to finish their taxes.
In a panel today at Johns Hopkins University to discuss tax policy, I was asked by an audience member why the regular April 15 deadline for tax returns was delayed this year. Embarrassingly, I had no idea! But CNN explains that a little-known district holiday to celebrate the freeing of the slaves is to thank...
Emancipation Day falls on Sat., April 16, but it is observed in D.C. on Fri., April 15. That prompted the IRS to extend the tax filing deadline to April 18 this year. Under the tax code, filing deadlines can't fall on Saturdays, Sundays or holidays.
The last time an extension was granted for this reason was in 2007.
Thanks to Demian Moore, senior policy analyst at the Peterson-Pew Commission on Budget Reform for the link.
Read the full explanation at CNN.