Tax day extended to April 18

By Blake Ellis, staff reporter


NEW YORK (CNNMoney) -- You get three extra days to file your taxes this year. They'll be due on Mon., April 18.

But it's not because of a previously announced processing delay that will prevent people who itemize their taxes from filing before mid- to late February, the IRS said Tuesday. Instead, the bonus days come thanks to Emancipation Day, a little-known Washington, D.C., holiday that celebrates the freeing of slaves in the district.

Emancipation Day falls on Sat., April 16, but it is observed in D.C. on Fri., April 15. That prompted the IRS to extend the tax filing deadline to April 18 this year. Under the tax code, filing deadlines can't fall on Saturdays, Sundays or holidays.

The last time an extension was granted for this reason was in 2007.

But don't expect a separate -- or longer -- extension to make up for the IRS's processing delay, said IRS spokesman Anthony Burke.

The delay -- caused by Congress waiting until late December to pass new tax policies -- means that the 50 million taxpayers who itemize their taxes on a Schedule A form can't file until February.

However, the IRS estimates that less than 9 million taxpayers will end up being impacted by the delay, based on historical filing patterns.

"It's a very small percentage of folks who will be affected," said Burke. "There's no real reason why they would need time beyond April 18 because these are the people who want to file early anyway, and who may not be able to file early due to events the IRS couldn't really have done anything about."

People who do need more time to file their taxes can submit Form 4868 for a six-month extension, Burke added. To top of page

 
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.95%4.15%
15 yr fixed3.05%3.11%
5/1 ARM3.71%3.19%
30 yr refi4.03%4.19%
15 yr refi3.11%3.17%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 16,399.67 19.26 0.12%
Nasdaq 4,316.07 57.63 1.35%
S&P 500 1,904.01 17.25 0.91%
Treasuries 2.18 -0.02 -0.82%
Data as of 5:13pm ET
Company Price Change % Change
Bank of America Corp... 16.26 0.05 0.31%
Apple Inc 99.76 2.09 2.14%
Pfizer Inc 27.93 0.10 0.36%
Facebook Inc 76.95 1.00 1.32%
General Electric Co 25.03 0.21 0.85%
Data as of 3:31pm ET

Sections

Better-than-expected iPhone sales and record Mac sales lifted Apple in its fiscal fourth quarter. More

Big projects often divide cities. But Minneapolis' light rail line is creating jobs and driving development in underserved areas. More

In three years, all Chicago high school students will have to take a coding course in order to graduate. More

Host a furniture market. Here's how small town High Point, N.C. rakes in this much money -- twice a year. More

Detroit has 80,000 dilapidated properties and 100,000 empty lots. It's trying to get more people like Antjuan Wyatt to buy them. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.