April 15 is the date on which Federal income tax returns are due reporting income for the preceding calendar year.
Tax returns postmarked by midnight April 15 are considered filed on time, thus avoiding a penalty for filing late. The deadline can be extended if April 15 falls on a Saturday, Sunday, or legal holiday. For instance, in 2007, April 15 was a Sunday and April 16 is Emancipation Day in D.C., so taxpayers across the country had until April 17 to file. Federal law makes it so that holidays celebrated in D.C. have a nationwide impact on tax issues, according to the IRS.
In some years, April 15 falls on Patriots Day in Massachusetts, and taxpayers in the six eastern states served by an IRS processing facility in Massachusetts get an extra day to file.
Related Fool Articles
- The Fool's "Death and Taxes" Center -- lots of good information
- 60-Second Guide to Investor Tax Issues
- Shift Income for Tax Savings
Recent Mentions on Fool.com
- American Midstream Partners Proves Bigger Isn't Always Better
- Why ?Female Thor? Is Just a Publicity Stunt to Boost Marvel?s Comic Book Sales
- Is Gilead About to Crush Pharmacyclics Stock?
- Why Intuitive Surgical Inc. Stock Soared
- Can Texas Roadhouse Keep Cooking?
- Wednesday?s Top Health Care Stories: Puma, Biogen, and Intuitive Surgical