Taxpayers will get an extra couple of days before filing their taxes next year - here's when tax day is in 2018
- The 2018 tax day you need to know is Tuesday, April 17.
- That's the day when individual tax returns are due to the federal government for tax year 2017.
- It's also the last day to make a 2017 IRA contribution.
April 15 is usually tax day. But in 2018, it's a few days later.
Taxes aren't due until Tuesday, April 17. That's the deadline for submitting individual tax returns to the federal government for tax year 2017. For freelancers or self-employed taxpayers, April 17 is also the deadline for making first quarter 2018 estimated tax payments.
And, it's the last day to make a contribution to a Roth IRA, or a traditional IRA - deductible or not - according to TurboTax.
The reason Tax Day doesn't fall on the 15th in 2018 is two-fold: First, April 15 falls on a Sunday this year. And second, Washington D.C. celebrates Emancipation Day on April 16. So Tax Day is pushed to the 17th.
Importantly, Americans filing tax returns in spring 2018 will not feel the effects of the Republicans' new tax bill. That's because tax day 2018 is when you file your 2017 taxes.
If the GOP manages to get their tax bill passed before the end of the year, the tax bill will go into effect on January 1, 2018. And that means regular Americans won't feel the effects of tax reform until spring 2019, when they file taxes for 2018.
But there are some things taxpayers can do before the end of the year to prepare for the changes, including maximizing your 2017 tax deductions. For example, it might make sense for some to pre-pay their property taxes for 2018.