FiscalGrid

Martin Luther King Jr. Day 2024

United States · Saturday, January 20, 2024 · FM4, Q2 of FY2024

Sat
Weekday 2024
FM4
Fiscal Month
Q2
Fiscal Quarter
254d
To FY2024 Year-End
Country
United States
Calendar date 2024
2024-01-20 (Saturday)
Observed date 2024
2024-01-22 (Monday) — Monday after (Commonwealth bank-holiday convention)
Fiscal year
FY2024 (open year)
Fiscal month / quarter
FM4 of 12 · Quarter Q2 · printable monthly template
Source
OPM federal holidays

About Martin Luther King Jr. Day

Third Monday in January, federal holiday honouring civil rights leader Martin Luther King Jr. Banks and federal offices closed; markets closed.

This page is the 2024-specific edition: it shows the actual weekday, the observed date if a weekend rule applies, and the placement of the holiday inside the United States fiscal year that contains it. For the canonical, year-agnostic overview see the main Martin Luther King Jr. Day page.

2024 weekday and observance

In 2024, Martin Luther King Jr. Day falls on Saturday, January 20. Falling on a Saturday, the official observance shifts under most national rules. Federal banking holidays observed on Saturday typically move to the preceding Friday in the United States and Canada, or the following Monday in the United Kingdom and most Commonwealth countries.

Weekend observance: Because 2024's date lands on a Saturday, the official observance shifts to Monday, January 22. Monday after (Commonwealth bank-holiday convention). Federal pay schedules, government services, and most regulated banking activity follow the observed date rather than the calendar date for the purposes of business-day counting and value-date accrual.

Where it lands in FY2024

For organisations on the United States fiscal calendar, Martin Luther King Jr. Day 2024 sits in fiscal month 4 (FM4), inside quarter Q2 of FY2024. From this date, you have approximately 254 days remaining until fiscal year-end on September 30, 2024. That distance matters because year-end close planning typically begins 60 to 90 days out — meaning if FYE is within that window, this holiday already sits inside the close-planning runway and any client-facing or vendor-facing deadlines that touch it should be pre-cleared rather than rescheduled later.

For the same holiday in adjacent fiscal years see: Martin Luther King Jr. Day 2023 · Martin Luther King Jr. Day 2025 · Martin Luther King Jr. Day 2026

Operational impact for finance teams

For finance and operations teams, Martin Luther King Jr. Day 2024 reduces the working-day count for FM4 by one. If the holiday falls within two business days of a fiscal month-end, expect downstream impact on accrual timing (revenue cutoff, inventory counts, AP cutoffs) and on banking value dates. Wire transfers and ACH/Faster Payments typically settle the next business day; international wires may slip two days when both origin and destination observe the holiday. See our guide on mapping holidays to fiscal months for a worked example of folding observance dates into the close calendar.

If your business operates payroll on a biweekly cadence aligned to the OPM federal schedule, check the 2024 pay period schedule for the pay period containing this date — the payday for that period may shift to the preceding business day.

Other holidays in January 2024

Cross-references