How Many Bank Holidays Were There in the 2017 Tax Year? A Complete Breakdown

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Alright, let’s dive right in. When people ask about “bank holidays in the 2017 tax year,” it can get a bit confusing because the term “bank holidays” is more common in the UK, but here in the US we usually talk about federal holidays. And when we say “tax year,” that’s a whole other kettle of fish. For most individuals in the United States, the tax year is the same as the calendar year – January 1 to December 31. So when we’re talking about the 2017 tax year, we’re basically looking at all the federal holidays that fell in 2017. But if you’re a business or have a fiscal year that’s different, then you’d need to adjust accordingly. For this article, I’ll stick with the standard: the 2017 calendar year, which is the 2017 tax year for most folks.

Now, you might be wondering: how many federal holidays were there in 2017? Well, the United States recognizes 11 federal holidays each year. But here’s the kicker – some years have extra ones if a holiday falls on a weekend, and you might get a day off on Friday or Monday instead. In 2017, all 11 federal holidays were observed on weekdays, so no extra makeup days. That means for the 2017 tax year, there were exactly 11 federal holidays. But let’s break them down month by month so you can see exactly what you were dealing with.

First, we kicked off 2017 with New Year’s Day on Sunday, January 1, but it was observed on Monday, January 2. So that’s one. Then Martin Luther King Jr. Day on Monday, January 16. Presidents’ Day (officially Washington’s Birthday) on Monday, February 20. Memorial Day on Monday, May 29. Independence Day on Tuesday, July 4. Labor Day on Monday, September 4. Columbus Day on Monday, October 9. Veterans Day on Saturday, November 11 – but since it fell on a weekend, it was observed on Friday, November 10. That’s a bit tricky, but still counts as a federal holiday day off. Then Thanksgiving Day on Thursday, November 23, and Christmas Day on Monday, December 25. And that’s all 11.

But wait – some people also consider Inauguration Day a holiday, but that only happens every four years, and it was January 20, 2017, which was a Friday. Inauguration Day is a federal holiday only for federal employees in the Washington, D.C. area and some other specific folks. For the general public, it’s not a nationwide paid holiday. So if you’re counting strictly the standard 11 federal holidays, then the answer is 11.

Now, I know some of you might be thinking about state holidays or local bank holidays. The term “bank holidays” actually comes from the UK, but in the US, banks often close on federal holidays plus sometimes additional days. For example, some banks close on Good Friday, but that’s not a federal holiday. So if you’re asking about days when banks are closed, it could be more than 11. But the core question here is “how many bank holidays in the 2017 tax year” – and if we’re using the American understanding of bank holidays as federal holidays, then it’s 11.

Questions related to how many bank holidays in 2017 tax year

Let me expand on some common questions people have around this topic. First off, “Is the tax year the same as the calendar year for holidays?” For most individuals in the US, yes – your tax year is January 1 to December 31. So the holidays in 2017 are exactly the ones that fell between those dates. If you’re a business with a fiscal year ending in June, then your 2017 tax year would include holidays from July 2016 to June 2017, which is a different set. But for personal taxes, stick with the calendar year.

Another question: “What about holidays that fall on weekends?” In 2017, Christmas Day fell on Monday, so no issue. But Veterans Day fell on Saturday, so it was observed on Friday, November 10. That still counts as a holiday for the tax year. So even if the actual date is on a weekend, the observed day is what matters for pay, time off, and bank closures.

Also, people often ask: “Do all federal holidays count as bank holidays?” In the US, yes – banks are closed on federal holidays. But some banks also close on other days like Good Friday or Columbus Day (though Columbus Day is already a federal holiday). So if you’re a banker, your holiday list might be slightly different. But for the typical person, the 11 federal holidays are the bank holidays.

Lastly, a quick note: The 2017 tax year had no extra “bonus” holidays like in some years when a holiday falls on a Saturday and you get Friday off, or Sunday and you get Monday off. That’s already counted in the 11. So the answer remains 11.

To summarize, the 2017 tax year (calendar year) had exactly 11 federal holidays, which are the standard bank holidays in the United States. If you include Inauguration Day, that would make 12 for certain federal employees, but for the general public, it’s 11. Always double-check your specific situation – especially if you’re a business with a different fiscal year or a state that observes additional holidays. Hope this clears things up for you!

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