April 18, 2022 is the filing date for the 2021 income tax return.
The video shown above is from a previous report.
Why isn’t it April 15th?
The IRS says, “By law, public holidays in Washington, DC affect tax deadlines for everyone in the same way as federal holidays. The due date is April 18 instead of April 15 because of the Emancipation Day holiday in the District of Columbia for all except taxpayers residing in Maine or Massachusetts. Taxpayers in Maine or Massachusetts have until April 19, 2022 to submit their declarations due to the Patriots’ Day holiday in those states. Taxpayers requesting an extension have until Monday, October 17, 2022 to file.”
The fiscal year of the Internal Revenue Service (IRS) runs from October 1st to September 30th.
Fiscal year 2020
The IRS has amassed nearly $3.5 trillion in gross tax revenue and issued nearly 122 million returns, totaling over $736 billion.
Individual income tax returns filed
Total number of returns: 157.195.302
Gross Amount Earned (in thousands of dollars): $1,837,443,578
Total income tax refunds for individuals (excluding economic impact payments)
Amount (in thousands of dollars): $391,223,927
Where do the taxes go?
(Source: Center on Budget and Policy Priorities, FY 2019)
- Medicare, Medicaid, CHIP, market grants 25%
- Veterans & Federal Retiree Benefits 8%
- transport infrastructure 2%
- Science and medical research 2%
- Non-security-related countries 1%
1862 – During the Civil War, the IRS is born when President Abraham Lincoln and Congress install the Commissioner of Internal Revenue and enact an income tax to pay for war expenses. The first income tax collects 3% on income between $600 and $10,000 and 5% on anything over $10,000. This income tax lasts until 1872.
1895 – The Supreme Court rules in Pollock v. Farmers’ Loan and Trust Co. that the uniform taxation of income in the United States is unconstitutional.
1913 – The 16th Amendment is ratified by the states and gives Congress the power to enact an income tax. Congress also introduces the first Form 1040 and imposes a 1% tax on personal income over $3,000 with a 6% surcharge on income over $500,000.
1918 – During the First World War, the highest income tax rate for financing the war is 77%. After the war, by 1929, the rate drops to 24%.
1954 – The tax return deadline will be moved from March 15 to April 15 to give taxpayers more time to prepare their returns.
January 3, 1996 – Congress enacts the Taxpayer Bill of Rights to provide exemption from overzealous collection efforts by IRS personnel.
March 20, 2020 – Treasury Secretary Steven Mnuchin tweets that Tax Day will be pushed back from April 15 to July 15 due to the coronavirus pandemic.
March 17, 2021 – The IRS announces that the filing deadline has been moved from April 15 to May 17.
The-CNN-Wire contributed to this report.
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https://abc13.com/tax-day-2022-2021-income-returns-emancipation-washington-dc-irs-taxes/11751432/ Tax day 2022: The deadline for submitting income tax returns for 2021 is April 18 | Check out these quick facts