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April 15 (Wednesday) In the United States, Tax Day is the day on which individual income tax returns are due to be submitted to the federal government. [ 3] Since 1955, Tax Day has typically fallen on or just after April 15. Tax Day was first introduced in 1913, when the Sixteenth Amendment was ratified. The date is delayed if it conflicts with ...
It's time to get your finances in order because Tax Day is approaching. Tax Day, the annual day when individual income tax returns are due to the federal government, is Monday, April 15.
Not to be confused with Tax Day. Tax Freedom Day is a concept developed and trademarked by American businessman Dallas Hostetler, which aims to calculate the first day of the year on which a nation as a whole has theoretically earned enough income to pay its taxes. Every dollar that is officially considered income by the government is counted ...
For most taxpayers, the main income tax return deadline for 2020 tax returns is April 15, 2021 — aka IRS Tax Day 2021. You can file any time from now until April 15 (or April 17, if you live in ...
Congress re-adopted the income tax in 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000) to finance World War I. The top marginal tax rate was reduced to 58% in 1922, to 25% in 1925, and finally to 24% ...
Wilson signed the bill into law on October 3, 1913. The Revenue Act of 1913 lowered average tariff rates from 40 percent to 26 percent. It also established a one percent tax on income above $3,000 per year; the tax affected approximately three percent of the population. A separate provision established a corporate tax of one percent ...
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