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For most of the country, Tax Day falls on Monday, April 15, 2024 and it's the last day you can file federal taxes for the year. That goes for both individual people *and* companies that fall under ...
If you pay your taxes quarterly, this is the due date for your estimated tax payments for the 2nd quarter. This includes income you earned from June 1 through Aug. 31, 2025. Oct. 15, 2025
Federal individual, estate, and trust income tax returns are due by April 15 [68] for most taxpayers. Corporate and partnership federal returns are due two and one half months following the corporation's year end. Tax exempt entity returns are due four and one half months following the entity's year end.
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
The income tax law in its modern form—which began in the year 1913—included a provision for a personal exemption amount of $3,000 ($71,764 in 2016 dollars), or $4,000 for married couples. ($95,686 in 2016 dollars) Over time the amount of the exemption has increased and decreased depending on political policy and the need for tax revenue.
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