Don't Panic! Even Though You Missed April 15, Your Taxes Aren't Late

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There's no need to panic if you still haven't filed your state and federal income tax returns.

Instead of the usual April 15, this year's deadlines for federal and New York state taxes are April 17.

You can thank two quirks of the calendar this year for the extra breathing room.

April 15 fell on a Sunday this year, and April 16 is Emancipation Day.

Emancipation Day is observed in the District of Columbia and by federal law, D.C. holidays affect tax deadlines the same way federal holidays do, giving taxpayers an extra day.

Emancipation Day marks the occasion when President Abraham Lincoln signed a law ending slavery in the District of Columbia.

Lincoln signed it April 16, 1862, more than eight months before he signed the Emancipation Proclamation, which eventually led to all slaves being freed.

Sunday, December 21, 2014
, Watertown, NY

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