Tax Day in the United States

Tax Day 2020 in the United States typically falls on 15 April 2020. This day is dedicated to dictating a deadline for filing details of income tax returns to the IRS (Internal Revenue Service). Certain holidays or extreme weather conditions can become a cause of delaying this date, and the deadline is increased to accommodate the same.

Apart from a small group exempt of this tax (pensioners, veterans, and low-income families), the majority of the US residents have to inform the IRS of their income in the previous year. Electronic filing of income tax returns is being encouraged in the States, to avoid mistakes and loss of documents. Let us take a look at what Tax Day in the US entails.

When is Tax Day in 2020?

15

જુલાઈ, 2020

(બુધવાર)

Tax Day	in United States

Is Tax Day A Public Holiday In The US?

Tax Day in the Us is not a public holiday. All businesses and schools open as usual. Public transport too, follows their customary route.

Is Tax Day In The US Extended This Year?

Along with Tax Day in the US, two more holidays fall around 15 April. These are Emancipation Day, commemorating the emancipation of African slaves, and Patriots’ Day, celebrated in remembrance of the Battles of Lexington and Concord which were responsible for the commencement of the American Civil War. If these two holidays coincide with Tax Day, then the latter is pushed forward to the next working day. Thus, if either of these fall on a Friday, then Tax filing is shifted to the following Monday. In the same vein, if these holidays fall on a Saturday or Sunday, then they are moved to Monday and Tax Day is further pushed to Tuesday.

Tax Day History in the US

Tax Day history holds relevant significance and commemorates the beginning of its observance. The first time income tax was levied on the American citizens was with the Revenue Act of 1861. This act was primarily set up to gather sufficient funds for the ongoing Civil Wars. Along the years, it was annulled and then readopted.

The Sixteenth Amendment to the United States Constitution came out in 1913, which changed the form of the income tax and its filing to resemble the present method somewhat. Despite that, the tax filing system has changed significantly from 1913. Tax Day in the US was set for 1 March at the time, which switched to 15 March in 1918, and then finally to 15 April in 1955.

Ever since then, those living in the US have to file their taxes by 15 April, unless the date falls on a weekend or a holiday. In which case, Tax Day in the US gets pushed to the next working day. As for those who live outside the US and Puerto Rico, they have an automatic extension for Tax filing until 15 June.

Tax Day Observances

વર્ષ સપ્તાહ ના દિવસ તારીખ નામ રજાઓ ના પ્રકાર
2019 સોમ 15 એપ્રિલ Tax Day તહેવાર
2020 બુધ 15 જુલાઈ Tax Day તહેવાર
2021 ગુરૂ 15 એપ્રિલ Tax Day તહેવાર
2022 સોમ 18 એપ્રિલ Tax Day તહેવાર
2023 સોમ 17 એપ્રિલ Tax Day તહેવાર
2024 સોમ 15 એપ્રિલ Tax Day તહેવાર
2025 મંગળ 15 એપ્રિલ Tax Day તહેવાર

FAQs

1. When exactly are taxes due?

If you are a calendar year filer and your tax year ends on December 31, usually April 15 of each year is the due date for filing your federal individual income tax return.

2. What happens if you do not file your taxes?

When you fail to file your tax return on time, a late filing fee will be penalized by the IRS. The fine amounts to 25 per cent of the income that you owe.

3. Do I need to file a US tax return?

Every year not everyone is allowed to file an income tax return. Generally speaking, if your gross taxable income does not surpass those limits, you do not have to file a federal tax return.

We Hope That This Article On Tax Day 2020 In The US Was Enlightening For You! Thank You For Remaining Connected With Us!!

ઝડપી તથ્યો

આ વર્ષઃ બુધ, 15 જુલાઈ 2020
આગામી વર્ષ: ગુરૂ, 15 એપ્રિલ 2021
અંતિમ વર્ષ: સોમ, 15 એપ્રિલ 2019
પ્રકાર : Observance

Tax Day - Names in Other Languages

English: Tax Day
Spanish: Día de la Fiscalía
Norwegian: Skattedag, Tax Day
German: Tax Day, Stichtag für die Einreichung der Steuererklärung
Korean: 조세의 날
Hebrew: יום מס
Arabic: يوم الضرائب