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Today's useless fact - How did April 15 come to be the day taxes are due?
What a timely question. One of the links explains that Congress passed the Sixteenth Amendment to the Consitution, which allows for the implementation of personal income tax, on February 3, 1913, and chose March 1 of the following year as the filing deadline. The deadline was changed to March 15 in 1918, and, as we learned at Tax History Project, to April 15 in 1955. Moving back the date from the end of the tax year served two purposes -- it gave the IRS more time to handle the work and, more importantly, more time to hang on to your money before issuing you a refund. And that's why April 15 is the day of reckoning. Check out the links in our Taxes category and IRS category for more.
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