[ taks dey ]
What is Tax Day?
Tax Day is an informal name for the day in the US on which individual tax returns are due to be submitted to the government. Tax Day is the day on which federal tax returns are due. States may or may not have different tax deadlines.
Tax Day is not an official name—it’s just a popular way of referring to the day.
Where does Tax Day come from?
Income tax in the US was first collected during the Civil War, but the law that enacted the tax was repealed in 1871. A new income tax law was passed in 1894 but was soon ruled unconstitutional by the Supreme Court. This meant that in order for the government to collect income tax, the constitution would have to be amended—which it was, in 1913, with the 16th Amendment. Tax Day was first set as March 1, then moved to March 15 in 1918, and finally to April 15 in 1955.
Examples of Tax Day
Who uses Tax Day?
People often talk about Tax Day negatively, particularly in terms of dreading their tax liability or the fact that they are running out of time to prepare and submit their tax forms.
Did you know … ?
- Tax Day is the deadline for tax returns to be submitted—not for taxes to be paid.
- The date of Tax Day is sometimes moved because it conflicts with the observance of Emancipation Day, a holiday observed in Washington, DC.
What are other words used in discussion of Tax Day?
This is not meant to be a formal definition of Tax Day like most terms we define on Dictionary.com, but is rather an informal word summary that hopefully touches upon the key aspects of the meaning and usage of Tax Day that will help our users expand their word mastery.