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HAPPY EMANCIPATION DAY!

April 16, 2007

On April 16, 1862, President Lincoln signed the act of Congress freeing the slaves in Washington, D.C. Now seven score and five years later, that act gives you an extra day to file your tax return.

April 15 is the normal due date for individual tax returns. When it falls on a Saturday or Sunday, the due date is pushed back to the following Monday, which would be today. But because Emancipation Day is a holiday in Washington, D.C., the IRS this year decided that everybody gets an extra day to file and pay their taxes.

The signature page of the D.C. Emancipation Act. Click to enlarge.

That means most people can celebrate this blow against slavery by holding onto their cash one more day. Tax preparers celebrate with another day of work.

Cross posted at Chequer-board.net.

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