Legal, banking holidays for 2020: Start marking your calendars: You’ll need to know when legal and banking holidays happen, just in case they impact pay cycles or tax deadlines. Also keep in mind: 2020 is a leap year, which means there will an extra day in February that could add an additional payday to your calendar down the line. A quick look ahead Here’s an easy reference for all the 2020 IRS legal holidays (L) and Federal Reserve banking holiday (B). Wed, Jan 1: New Year’s Day (LB) Mon, Jan 20: MLK Jr. Day (LB) Mon Feb 17: Washington Birthday/ Presidents’ Day (LB) Thurs. April 16: DC Emancipation Day (L) Mon. May 25: Memorial Day (LB) Fri, July 3: Observance of Independence Day (LB) Mon. Sept 7: Labor Day (LB) Mon, Oct 12: Columbus Day (LB) Wed. Nov 11: Veterans’ Day (LB) Thurs. Nov 26: Thanksgiving (LB) Fri. Dec 25: Christmas (LB) More info: irs.gov/pub509