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Tax Day

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Tax Day is the deadline for United States residents to file details of their income to the Internal Revenue Service (IRS) so that their liability for income tax can be assessed.

Tax Day in the United States

Tax Day is the deadline for individuals to file their federal income tax returns with the Internal Revenue Service (IRS). It usually falls on April 15 of each year, but if that day is a weekend or a holiday, it may be moved to the next business day.

History: The origin of Tax Day dates back to 1913 when the 16th Amendment to the U.S. Constitution was ratified, allowing Congress to impose a federal income tax. Initially, March 1 was designated as Tax Day. This date changed to March 15 in 1918, and then again in 1955, Tax Day was moved to April 15 where it generally remains.

Traditions: There are no specific "traditions" associated with Tax Day as it is largely a day for meeting legal obligations. However, some common practices have emerged over time:

  • Procrastination: Many people wait until the last minute to file their taxes.
  • Tax Parties: Some individuals host gatherings where attendees complete their tax returns together.
  • Deals and Freebies: Businesses often offer special promotions or free items to alleviate taxpayer stress.
  • Assistance Programs: Volunteer programs often provide free tax help for the elderly and low-income individuals.

Activities: On Tax Day, taxpayers are primarily concerned with submitting their tax returns before the deadline. Activities include:

  • Filing Online: Many use electronic filing methods through IRS-approved software.
  • Mailing Returns: Some still mail paper forms directly to the IRS.
  • Seeking Extensions: Those who need more time may file for an extension, which grants them until October 15 to submit their full return.
  • Paying Taxes Due: If taxpayers owe money, they must arrange payment by this date or face penalties and interest.
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