Tax Day
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Where is Tax Day celebrated?
Tax Day is celebrated in the United States of America for filing tax returns.
Who is the Tax Day celebrated by?
All the taxpayers of the US observe Tax Day and mark the importance of paying income tax to the government.
When did Tax Day first start?
The first Tax Day is believed to have started on March 1, 1913.
Who started the Tax Day?
The federal government of the USA first started Tax Day.
History And Timeline
In 1862, the USA first collected income tax for funding the Civil War. However, income was considered unconstitutional because of not allocating conformality in the states. The USA reenacted income tax in 1913 with the 16th Amendment to the Constitution of the USA.
At that time, March 1 was fixed as the tax filing deadline. In 1918, the deadline shifted to March 15 and then finally to April 15 in 1955. The day became Tax Day in the USA.
Estate Tax
The first estate tax was passed for funding the US Navy.
1797Income Tax Law
The first-ever income tax law was signed by Abraham Lincoln during the Civil War.
1861Sales Taxes
West Virginia first enacted the sales taxes.
1921Government’s Source Of Revenue
Individual income taxes became the primary source of income for the government of the USA.
50sEstablishment Of Tax Day
The Tax Day was finally fixed on April 15 this year.
1955Traditions And Customs
The tradition and customs which are followed during this day are to complete and file taxes and motivate friends, family members, and colleagues to do so before the tax payment deadline. People could post about the day on social media using #NationalTaxDay.
Ways To Observe Or Celebrate Tax Day
All the country’s taxpayers can celebrate Tax Day by making income tax payments and filing for tax returns on time, preferably a few days before the due date. On this day, one could make a party and give awards for the person with the biggest return or highest deductions.
One can also share about the day to create awareness about tax and its types on social media using #TaxDay.
Facts And Stats
- Some states like Massachusetts and Maine get tax extensions for Tax Day because of the Patriots' Day holiday.
- Some states, such as Washington DC, get tax extensions for Tax Day due to the Emancipation Day holiday.
- Other than Tax Day, April 15 also celebrates some other days like National Anime Day and National ASL Day.
What is the current Tax Day?
April 15 is the current Tax Day.
What is the significance of Tax Day
The significance of Tax Day is the importance of paying income tax to the government.
What happens if a taxpayer misses a tax deadline?
If a taxpayer misses the tax filing deadline, they have to pay penalties or late fees.
Why is it called a Tax Day?
It is called Tax Day since the taxpayers of the USA pay tax to the government on this day.
When Is This Day Celebrated
- Wednesday, April 15, 2020
- Thursday, April 15, 2021
- Friday, April 15, 2022
- Saturday, April 15, 2023
- Monday, April 15, 2024
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As a skilled member of the Kidadl team, Shruti brings extensive experience and expertise in professional content writing. With a Bachelor's degree in Commerce from Punjab University and an MBA in Business Administration from IMT Nagpur, Shruti has worked in diverse roles such as sales intern, content writer, executive trainee, and business development consultant. Her exceptional writing skills cover a wide range of areas, including SOP, SEO, B2B/B2C, and academic content.
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