Mark your calendar! Due to an overlap of tax deadlines and Federal/State holidays, the Internal Revenue Service (IRS) has announced new due dates for the upcoming 2016 tax season.
Most 2015 individual income tax returns will be due on Monday, April 18, instead of the traditional April 15 date. The change was made because of a public holiday called Emancipation Day in the District of Columbia.
Emancipation Day usually falls on April 16, but when April 16 is a Saturday – which it is in 2016 – then Emancipation Day moves to the previous day – Friday, April 15. That means the Federal tax deadline is pushed to the following Monday. This also affects the deadline for the first installment payment of estimated income tax. Form 1040-ES is also due April 18, 2016.