Unveiling the Story Behind April 15 – Tax Day
Each year, April 15 stands out as a pivotal—and often stressful—date for taxpayers across the United States. On this day, individuals, small business owners, and corporations are required to file their federal income tax returns with the Internal Revenue Service (IRS). But how did April 15 become Tax Day, and why does it hold such significance for millions of Americans? In this guide, we delve into the history, meaning, and modern impact of April 15—Tax Day.
The Origins of April 15 as Tax Day
The idea of a federal income tax and a set filing deadline is relatively recent in U.S. history. Before 1913, tax collection was largely managed by individual states, and the federal government did not impose an income tax on citizens.
This changed with the ratification of the 16th Amendment in 1913, which gave Congress the authority to levy income taxes on individuals and businesses. Soon after, the Revenue Act of 1913 established federal income tax rates ranging from 1% to 7%, laying the foundation for the modern tax system.
How April 15 Became the Official Deadline
Although federal income taxes began in 1913, the filing deadline shifted over the years. In 1955, April 15 was officially set as the deadline for individuals to submit their federal tax returns. This date was chosen to provide taxpayers with ample time after the start of the year to gather documents and complete their filings.
Since then, April 15 has become deeply embedded in the American calendar, symbolizing the end of tax season and the last chance to fulfill federal tax obligations.
