‘Tis the season.
Yes, Christmas is just days away. But the Internal Revenue Service just announced the start of tax season.
The IRS will begin accepting individual electronic and paper returns on Tuesday, January 19, 2016.
The IRS also announced the deadline to submit 2015 tax returns is being pushed back.
Instead of being due April 15, which is the traditional deadline, in Maine, the deadline will be Tuesday, April 19, 2016.
Why? Read on for a long and somewhat confusing explanation. If not, just stop here, and know your taxes are due Tuesday, April 19.
Washington, D.C., will celebrate Emancipation Day on Friday, April 15. The holiday is generally celebrated April 16 to mark the anniversary of the signing of the Compensated Emancipation Act.
However, in 2016, April 16 lands on a Saturday.
Instead of pushing the holiday ahead to Monday, April 18, by law, it gets pushed back; Emancipation Day must be observed on the nearest weekday (in this case, Friday, not Monday).
So we have Emancipation Day on Friday, not Monday.
Back in 2005, D.C. made Emancipation Day an official, public holiday. By statute (Sec. 7503 of the Tax Code), D.C. holidays are seen like federal holidays, pushing the tax deadline ahead to the next business day.
So taxes are due for most of the country Monday, April 18, 2016, but not in Maine and Massachusetts.
Due to Patriots Day, the deadline gets pushed again – this time to Tuesday, April 19.
May the tax filing process be less confusing for all and to all, a good day.