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Tax Day

April 15 is Tax Day!

Tax day is the day individual income tax returns are due to the federal government (at the very latest).

The Revenue Act of 1861 was introduced to the American public to help fund the Civil War by collecting taxes. In those early tax days, payments were deduced based on assessment rather than voluntarily filing tax returns.

To file your taxes, gather the 1099 and W-2 forms that are sent to you by your work, bank, and/or broker. You can bring these forms to an accountant, who can file your tax return for you, or use them to fill out an online tax return yourself. Whatever your method, make sure your taxes are completed by April 15th!

Sources: Wikipedia, Novel Investor

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