Along the Street: Taxes due May 17
Many people breathed a sigh of relief when Tax Day was postponed in April. Now they need to take a deep breath and get to work on finishing their tax forms, because taxes are due Monday, May 17.
Tax Day has been a much anticipated, and sometimes dreaded, annual event since 1913, when permanent federal income taxes were implemented. At first, taxes were due March 1, then the date was changed to March 15. Tax Day has been on or near April 15 since 1955.
Tax Day was delayed this year because of the coronavirus pandemic, which disrupted the economy and complicated tax filing for businesses and individuals. Many people had to report unemployment income or payments from a variety of jobs, for instance.
Along the Street: Taxes due May 17
Many people breathed a sigh of relief when Tax Day was postponed in April. Now they need to take a deep breath and get to work on finishing their tax forms, because taxes are due Monday, May 17.
Tax Day has been a much anticipated, and sometimes dreaded, annual event since 1913, when permanent federal income taxes were implemented. At first, taxes were due March 1, then the date was changed to March 15. Tax Day has been on or near April 15 since 1955.
Tax Day was delayed this year because of the coronavirus pandemic, which disrupted the economy and complicated tax filing for businesses and individuals. Many people had to report unemployment income or payments from a variety of jobs, for instance.