Tax day is Tuesday, April 17, 2018. This is the day your individual tax returns are due to the government for the 2017 tax year.
Why Is Tax Day On April 17 in 2018?
Tax day is typically on April 15. But in 2018, that day falls on a Sunday. The next day is also a public holiday in the District of Columbia, Emancipation Day. Emancipation Day is a public holiday celebrating the day President Abraham Lincoln signed the District of Columbia Compensated Emancipation Act.
What Are Some Other Tax Due Dates?
If you’re self-employed, don’t forget about your estimated tax payments.
|Date||What's Due||Payment Period|
|April 17||Pay first installment of 2018 estimated tax||Jan. 1 - March 31|
|June 15||Pay second installment of estimated tax||April 1 - May 31|
|Sept. 15||Pay third installment of estimated tax||June 1 - Aug. 31|
|Jan. 16||Pay final installment of your previous year estimated taxes||Sept. 1 - Dec. 31|
What Should I Do With That Extra Time?
Believe it or not, there’s still time to manage your 2017 taxes up until tax day. You may still be able to make contributions to your retirement plans and take a deduction. Be sure to read all the fine-print though, as different accounts have different limits.
What About The New Tax Law?
The new tax law will go into effect for the 2018 tax year. That means you’ll see the impact when you file 2018 taxes in April of 2019.
MileIQ’s blog does not constitute professional tax advice. You should contact your own tax professional to discuss your situation.