IRS: Tax Day Won't Be April 15 in 2011

Editor's note: This story originally appeared on October 28, 2010, but has been updated to reflect new information.

tax formsIf you're one of the hundreds of thousands of taxpayers who wait until the last minute to file your taxes, make a note: The IRS recerntly announced that the due date for 2010 individual federal income tax returns will be Monday, April 18, 2011.

Traditionally, Tax Day falls on April 15 unless that day happens to be on a Saturday, Sunday or federal holiday. In 2011, April 15 meets none of those criteria -- it falls on a Friday, and there's no federal holiday that day.

So what's the deal?
In 2011, Washington, D.C., will celebrate Emancipation Day on April 15, a day earlier than normal, since April 16 falls on a Saturday. Emancipation Day marks the anniversary of the day that President Lincoln signed the Compensated Emancipation Act. The Act, which was "for the release of certain persons held to service or labor in the District of Columbia," freed 3,100 slaves in the District, making DC residents the "first freed" by the federal government. In 2005, Emancipation Day was made an official public holiday in the District of Columbia.

In observance of the DC holiday, Tax Day will be moved forward one business day, this year landing it on Monday, April 18. That's the date your form has to be either submitted electronically or postmarked by for your tax return to be considered timely filed by the IRS.

Don't be fooled into believing that the day moves all individual federal income tax deadlines forward. The overseas exception due date will still be June 15, 2011. However, individual federal income tax returns on a "normal" extension will be due on Monday, Oct.17, 2011; that's because Oct. 15, 2011, (the regular extension due date) falls on a Saturday.

Energy Tax Credit: Which Home Improvements Qualify?

Taxpayers who upgrade their homes to improve energy efficiency or make use of renewable energy may be eligible for tax credits to offset some of the costs. As of the 2017 tax year, the federal government offers two such credits: the Residential Energy Efficiency Property Credit and the Nonbusiness Energy Property Credit. The credits are good through 2017, except for the solar credits which are good through 2019 and then are reduced each year through the end of 2021. Claim the credits by filing Form 5695 with your tax return.

Read More

Brought to you by TurboTax.com

Buying Your First Home

Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill.

Read More

Brought to you by TurboTax.com

Filing an Income Tax Extension

If you aren't able to complete your federal tax return by the April deadline, find out how and when to file for an IRS extension with these tips from TurboTax.

Read More

Brought to you by TurboTax.com

Changing Jobs

Have you moved on from your old job, or are you in the middle of a job change? Even if you're just thinking about it, here's some tax information you'll need to keep in mind.

Read More

Brought to you by TurboTax.com
Read Full Story