For those worrying over W-2s, relax: There are three more days to file your taxes.
Or rather, three more days to procrastinate.
Three more days to see if the Atlanta Braves can win a game.
Three more days to find those receipts you’ve saved, but you can’t remember if they’re in that repurposed Country Crock tub or that old shoebox.
But why the three-day delay from the norm? The reason is a Washington, D.C., holiday that employees will be taking today.
University of North Georgia political science professor Douglas Young said the April 16 holiday goes back to 1862, when President Abraham Lincoln signed the Compensated Emancipation Act. The act, signed on April 16 of that year, “freed the roughly 3,100 slaves in the District of Columbia.”
“The law is called the Compensated Emancipation Act because to get these 900 Washington D.C., slaveowners to free the slaves, each of the slaveowners was compensated $300 per freed slave,” Young said.
Something else to know: With the ongoing election season, the Internal Revenue Service wrote in its miscellaneous deductions publication that you cannot “deduct contributions made to a political candidate, a campaign committee, or a newsletter fund.”
“Advertisements in convention bulletins and admissions to dinners or programs that benefit a political party or political candidate aren’t deductible,” according to the publication.