« An IRA Distribution May Disqualify a Person For the Premium Tax Credit. | Main | President Obama Signs the Budget/Tax Bill on December 18, 2015. »

2015 IRA Contribution Deadline is Monday, April 18, 2016 Due to Emancipation Day

Posted by James M. Carlson
Nov 20 2015
The federal rule is that when April 15th falls on Saturday, Sunday or a legal holiday, then a tax return is considered timely if filed on the next succeeding day which is NOT a Saturday, Sunday or holiday. Emancipation Day is April 16th and it is a legal holiday in Washington, D.C. In some years this holiday will impact the deadline for filing federal income tax returns. In 2016, April 15th falls on Friday. However, Washington D.C. observes Emancipation Day on Friday since it falls on a Saturday. This means in 2016, April 15th is a holiday for federal income tax purposes. Consequently, the filing deadline for all tax forms and payments required to be filed or completed on or before April 15th (as described in Section 6072(a), including the Form 1040 returns) will be Monday April 18th, 2016. This April 18, 2016 deadline applies to traditional and Roth IRA contributions, HSA contributions and CESA contributions.

The federal rule is that when April 15th

falls on Saturday, Sunday or a legal holiday,

then a tax return is considered timely

if filed on the next succeeding day

which is NOT a Saturday, Sunday or holiday.

Emancipation Day is April 16th and it

is a legal holiday in Washington, D.C. In

some years this holiday will impact the

deadline for filing federal income tax

returns.

In 2016, April 15th falls on Friday.

However, Washington D.C. observes

Emancipation Day on Friday since it falls

on a Saturday. This means in 2016, April

15th is a holiday for federal income tax

purposes. Consequently, the filing deadline

for all tax forms and payments

required to be filed or completed on or

before April 15th (as described in Section

6072(a), including the Form 1040

returns) will be Monday April 18th,

2016.

This April 18, 2016 deadline applies to

traditional and Roth IRA contributions,

HSA contributions and CESA contributions.

Categories: