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Juneteenth added to list of legal holidays, which sometimes affect taxes

June 19, 2021

Juneteenth, which first began in Texas, is the oldest nationally celebrated commemoration of the ending of slavery in the United States. 

But today’s Juneteenth celebrations are especially notable.

This commemoration of June 19, 1865, the day when slaves in Texas got the official word that they were free. It’s been a state holiday here since 1980. Now it’s a national holiday.

Officially, it’s now known as Juneteenth National Independence Day.

That name change happened when President Joe Biden, flanked by Vice President Kamala Harris and luminaries like 94-year-old Opal Lee, the Texan who had worked for decades to get to this point, signed a law on Thursday, June 17, 2021, making June 19 a federal holiday.

Long road to national recognition: Juneteenth is the first new federal holiday created by Congress since Martin Luther King Jr. Day in 1983. The day now has the same status as Dr. King’s Day, as well as, among others, Memorial Day, Veterans Day, and Independence Day.

Naturally, this weekend’s Saturday Shout Out goes to some of the coverage of this especially momentous Juneteenth 2021:

Also, you can check out my Tumbling Taxes tumblr blog’s post, Juneteenth! Now official across the United States, which includes a wonderful video of “Lift Every Voice and Sing.”

To all, like Ms. Lee, who have waited so long for official, national recognition of Juneteenth, here’s to a special 2021 celebration.

Taxes and holidays: Of course, since this is a tax blog, I’m compelled to offer a tiny bit of tax information, too.

We’re all familiar with the occasional convergence of legal holidays and tax due dates. On those days, the Internal Revenue Service generally advises that the applicable tax deadline is pushed to the next business day.

You can find more on such tax calendar occurrences in my October 2020 Don’t Mess With Taxes post that’s also getting a shout out today: Legal holidays and how they can affect federal taxes.

But since there’s no such worry about Juneteenth and taxes, you can read it later. It’s time to head out to your local June 19 celebration!

You also might find these items of interest:

 

 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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