Helpful Tips, Tax Tips, Taxes

Federal Tax Deadline Extended to April 17, 2012 – Hooray!

February 8, 2012 by · 1 Comment 

Tax Day moved to April 17, 2012Traditionally, federal income taxes must be filed with the IRS on, or before, April 15th each year. The date has become such a part of U.S. culture that many people simply call it “Tax Day”.

This year, however, for the 3rd time in 7 years, your federal income taxes will not be due April 15th. Instead, because of a combination of the calendar, a holiday, and tax law, Tax Day 2012 is delayed until Tuesday, April 17th.

You will have two extra days to prepare and file your federal income taxes this year. Here’s why.

First, April 15th is a Sunday and all federal offices are closed on Sundays. This means that that taxes can’t be filed on April 15th, as regularly scheduled. Rather, the tax due date should roll over to the first available business day — Monday.

However, Monday, April 16th is Emancipation Day, a holiday in the District of Columbia since 2005.

Emancipation Day honors President Abraham Lincoln’s April 16, 1862 signing of the Compensation Emancipation Act. All of Washington, D.C. is closed for the local holiday — including the offices of the IRS. Taxes can’t be due on this date because there will be nobody at the Internal Revenue Service to receive them.

Therefore, Tax Day rolls over to the next available business day, and that’s Tuesday, April 17th. Despite the 2-day change, as a reminder, the deadline to file a federal tax return with extension has not changed. That filing date remains October 15, 2012. 

Also, note that most states have chosen to mirror the IRS’ tax deadlines this year even though Emancipation Day is a Washington, D.C-specific. Be sure to check with your accountant to confirm your local filing deadline.

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James K Barath, CMPS®

James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, Certified Military Housing Specialist® and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!

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One Response to “Federal Tax Deadline Extended to April 17, 2012 – Hooray!”
  1. Cathy Mattan says:

    Yea!! A extra two days!!

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