Taxes due Monday
IRS DEADLINE
April 15 represents the traditional deadline day for individuals to file their state and federal income tax returns.
But that isn’t the case this year. While most Americans will have filed their taxes prior to April 15 anyway, that isn’t the deadline for filing this year. Instead, the vast majority of Americans will have to file their taxes by Monday, April 18.
Why? The answer has to do with a holiday observed in Washington, D.C., called Emancipation Day. This holiday celebrating the freeing of slaves in the nation’s capital is celebrated either on April 16 or, in years when that date falls on a weekend, the weekday closest to that date.
Federal employees, including Internal Revenue Service workers, are given the day off.
This year, April 16 falls on a Saturday, meaning the nearest weekday is on April 15. As a result, the deadline for tax filing is pushed to April 18.
In 2023, the tax deadline day will once again move forward, as both April 15 and 16 will fall on a weekend.
A taxpayer who does not pay the amount of tax due by April 18 may incur late-payment penalties and will be charged interest at the statutory rate.
The late-payment penalty will not be due for taxpayers who pay at least 90 percent of their tax liability through withholding, estimated tax payments or with Form D-410 by April 18.
