Stamp Prices Are Going Down Just In Time for Tax Day 2016
For the first time in nearly 100 years, the price of a first-class stamp decreased. As of April 10, 2016, the cost to mail a one-ounce letter dropped from 49 cents to 47 cents – just in time for tax day! The decrease is due to an agreement with Congress. To help alleviate the revenue declines from the Great Recession, the Post Office was able to increase prices only until the Postal Service collected surcharges totaling $4.6 billion. They were expected to reach that amount by April 10th, thus the decrease in prices.
In a lucky turn of events, along with the price of stamps decreasing, Tax Day is also pushed back to April 18, 2016, giving procrastinators a little extra time to file their taxes. Tax Day is typically April 15, but this year that date coincides with Emancipation Day. Usually observed on April 16th, Emancipation Day marks the date when President Lincoln signed the Compensated Emancipation Act ending slavery in Washington D.C. This year, the sixteenth of April falls on a Saturday, so the local government in D.C. is shutting down on the 15th to observe the holiday.
Between Tax Day delayed and the decrease in postage rates, the Post Office is sure to get busy over the next week. If you don’t want to deal with the crowds, visit the AIM Mail Center nearest you where you will be greeted with friendly and efficient service. The professionals can mail your tax documents, and they even have options for tracking and certified mail. Some locations even stay open late on Tax Day to help you get your documents mailed in time, so call the location you wish to visit to find out about extended hours.
Sources: Forbes.com; NOLA.com, USPS.com