Income Tax Deadline Fast Facts

Here's some background information about the annual income tax filing deadline in the United States. April 1...

Posted: Nov 8, 2018 5:11 AM
Updated: Nov 8, 2018 5:11 AM

Here's some background information about the annual income tax filing deadline in the United States. April 15, 2019, is the deadline to file 2018 income tax returns.

Filing Statistics:
The IRS's fiscal year runs from October 1 to September 30.

Labor and employment

Compensation and benefits

Income tax

Internal Revenue Service

Taxes and taxation

US Department of the Treasury

Wages and salaries

Government and public administration

Government bodies and offices

Public finance

US federal departments and agencies

US federal government

Fast Facts

Filing taxes

Law and legal system

Political platforms and issues

Politics

Tax law

Tax reform

Government organizations - US

Tax policy

Fiscal Year 2017 (Statistics published March 18, 2018)
Individual Income Tax Returns Filed
Total Receipts: 150,690,787

Total Individual Refunds
Number: 119,853,012
Amount: $382,865,300

Where Do The Taxes Go?
National Defense 16%
Social Security 24%
Medicare, Medicaid, CHIP, marketplace subsidies, etc. 26%
Safety Net Programs 9%
Interest on Debt 6%
Benefits for Veterans & Federal Retirees 8%
Education 2%
Transportation infrastructure 2%
Science and medical research 2%
Non-security international 1%
All other 3%

Timeline:
1862 - During the Civil War, the IRS is born when President Abraham Lincoln and Congress create the Commissioner of Internal Revenue and enact an income tax to pay war expenses. The first income tax levies 3% on incomes between $600 and $10,000 and 5% on anything over $10,000. This income tax lasts until 1872.

1895 - The Supreme Court rules in Pollock v. Farmers' Loan and Trust Co. that taxing incomes uniformly throughout the United States is unconstitutional.

1913 - The 16th Amendment is ratified by the states, giving Congress the authority to enact an income tax. Congress also introduces the first 1040 form and levies a 1% tax on personal incomes over $3,000 with 6% surtax on incomes of more than $500,000.

1918 - During World War I, to help finance the war, the highest rate of taxation on income is 77%. After the war, by 1929, the rate drops to 24%.

1954 - The tax filing deadline is moved from March 15 to April 15, to give taxpayers more time to prepare their returns.

January 3, 1996 - Congress enacts the Taxpayer Bill of Rights to ensure relief from overzealous collection efforts on the part of IRS personnel.

Article Comments

Mason City
Clear
33° wxIcon
Hi: 41° Lo: 20°
Feels Like: 24°
Albert Lea
Clear
36° wxIcon
Hi: 40° Lo: 20°
Feels Like: 29°
Austin
Clear
36° wxIcon
Hi: 44° Lo: 21°
Feels Like: 29°
Charles City
Clear
30° wxIcon
Hi: 42° Lo: 20°
Feels Like: 22°
Rochester
Clear
30° wxIcon
Hi: 41° Lo: 18°
Feels Like: 21°
Beautiful Sunday
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Section boy's hockey highlights from Saturday

Image

Sean 2/22 2

Image

Section 1A wrestling finals

Image

Rochester Salvation Army thanks community

Image

Section 1AA wrestling finals

Image

Recognizing law enforcement on Arik Matson Day

Image

Section 1AAA wrestling finals

Image

Sean Weather 2/22

Image

Sports Overtime highlights part two

Image

Hayfield High School Donkey Basketball

Community Events