Tax filing deadline extended to April 18, 2011

Tuesday, January 4th, 2011 By

The logo of the Internal Revenue Service.

Taxpayers will have until April 18, 2011, to file their 2010 taxes. (Photo Credit: Public Domain/U.S. Department of the Treasury/Wikipedia)

While it is true that there are few things as certain as death and taxes, the tax filing deadline this year has changed based upon a relatively new holiday. Emancipation Day, which was officially adopted as a holiday in the District of Columbia in 2005, will cause the tax filing deadline to be pushed forward from April 15, 2011, to April 18, 2011. This is because the observed date of Emancipation Day 2011 will be Friday, April 15.

Emancipation of your tax filing deadline

No longer will April 15 be known as nothing other than a tax filing deadline. Emancipation Day, which is observed in the District of Columbia on that date, is a celebration of freedom. Specifically, the legal holiday remembers President Abraham Lincoln’s signing of the Compensated Emancipation Act in 1862. This proceeded the Emancipation Proclamation by nine months, and it freed about 3,100 enslaved persons in the District of Columbia.

While Emancipation Day is only official in the District of Columbia, the IRS states that holidays observed in D.C. apply nationwide. Interestingly, D.C. and six other eastern states already had the tax filing deadline pushed forward because of another holiday, Patriots Day. While Emancipation Day was not initially planned to intersect with the national tax filing deadline, the coincidence is welcome for procrastinators across the U.S.

Itemizers, pay heed

Because of the new tax laws that have gone into effect, the IRS reports that its systems will not be ready to accept itemized 2010 tax returns until at least mid-February. Thus, those taxpayers who itemize their deductions will not be able to file until the IRS is ready. This delay could potentially cause an inconvenience for tens of millions of taxpayers who use Schedule A to claim their deductions for such things as mortgage interest, charitable donations, medical expenses, certain education expenses (via Form 8917) and local and state sales tax paid.

For more information on how the changes in tax law will affect itemizers, visit www.irs.gov.

Sources

MSNBC

Today

What is Emancipation Day?

Previous Article

« Borders on the brink of bankruptcy as printed book sales plunge

Years of declining sales have forced Borders to delay payments to publishers and seek refinanced vendor agreements to try to avoid bankruptcy. borders bankruptcy
Next Article

New cancer blood test could revolutionize diagnosis and treatment »

A new cancer blood test currently under study has the possibly to replace invasive biopsies and promote more effective cancer treatments ... healthy blood cells

Leave a Reply

Other recent posts by Steve Tarlow

Employee satisfaction survey says workers are not happy

A new employee satisfaction survey by Manpower tells a sad tale: a whopping 84 percent of workers will actively seek better jobs in 2011...
Image of an office worker on the face of a clock. The worker points to more money – and quitting time.

Californians deserve a balanced payday loans argument

Various media continue to attack California payday loans, but are they making a balanced argument regarding to San Diego installment loans?
The California State Capitol Building in Sacramento, photographed during the daytime.

Acción promotes success for Chicago microentrepreneurs

Acción is the microfinance company for small businesses in Chicago, Ill. Its 60-month installment loans for business are reasonably priced.
Aerial photo of the Chicago skyline, taken during daytime hours.