It's a new year, so how about something to celebrate? Like three more days to hold onto our money before Uncle Sam gets his clutches on our cold hard cash? By a twist of fate, Tax Day will not be on the traditional April 15 this year, giving us extra time to put off our tax filing.
We'll pause for your happy dance ... OK, done. When this bit of joy started popping up on the web, I wasn't the only American thinking someone was playing a cruel trick. How dare they tease us like that, Facebook friends cried? April 15 is a Friday, not a weekend, and there's no federal holiday on the calendar, the traditional markers of a Tax Day move.
It's a lovely calendar-related fluke, but it's a real fluke all the same. The IRS itself sports an announcement on its website that we do indeed get a three-day reprieve. Tax Day will be April 18 in America this year.
Before you send all your love to the Obama administration or the IRS (never thought you'd say that, did you?), save a little for President Abraham Lincoln. The nation's 16th president signed the Emancipation Proclamation (aka the Compensated Emancipation Act) on April 16 way back in 1862. He freed the slaves with his pen, and this year his historic gesture frees our money up for a few more days in an interest-bearing account.
That's because Emancipation Day is an official holiday in Washington, D.C. and has been for the past five years. And because April 16 is a Saturday this year, it's been moved to April 15, aka Tax Day. But with the good people of Washington, D.C. enjoying an official holiday, the folks at the IRS are bound to give them a break from the bonds of taxes. And with that comes a break for the rest of us.
And if you're actually hoping to file early to get money back, don't thank Obama there either, or Congress for that matter. The Congressional changes to the tax laws signed by Obama in December have pushed back filing dates until mid to late February for most Americans while the IRS reprograms its processing systems to address the new laws.
Will you be waiting until April 18 to file this year?
Image via Casey Serin/Flickr