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Military

Internal Revenue Service Delays Tax Day Because of Emancipation Proclamation?

Close, but no cigar. Tax day this year falls on Monday, April 18 instead of the traditional day (today, April 15) because of something called Emancipation Day. What is Emancipation Day exactly? Well, according to the Chicago Tribune, it's the day (April 16) President Abraham Lincoln signed the District of Columbia Emancipation Act back in 1862, during the Civil War:

The IRS is legally required, according to CBS News, to observe Emancipation Day, and this year Washington D.C. is observing it on April 15 instead of April 16. Clear as mud?

If you still haven't filed your taxes, thanks to Honest Abe, you still have time. For servicemembers, there are a few extra tax breaks you should make sure to take advantage of, like the first-time homebuyer credit. Home Post covered the additional tax credits available to the military in this post.