2011 Tax Deadline & Itemized Filing Delay
This past week, the IRS announced two tax filing date related changes, specific to 2011 that you’ll want to take notice of.
1. Tax Filing Deadline Moved to April 18
The tax filing deadline is usually on April 15. Why not April 15th this year? April 15th, a Friday, is Emancipation Day, which is an observed holiday in the District of Columbia. D.C. holidays, by law, are treated the same as federal holidays in how they impact tax deadlines, and the tax filing deadline cannot be a holiday.
If you’re looking for a tax filing extension, you have until October 17.
2. Tax Filing Delay
Three groups of tax filers will need to hold off until a TBD date in mid to late February. This is because the Obama tax cut deal (aka the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act Of 2010) was enacted Dec. 17 and extended a few tax deductions from 2009 through 2010 and 2011.
- Taxpayers who itemize tax deductions. This is because schedule A needs to be re-worked.
- Those claiming the Higher Education Tuition and Fees Deduction – which is claimed on IRS form 8917.
- Those claiming the Educator Expense Deduction, which is given to K-12 teachers who use money out of pocket to pay for educational materials.
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