The President Joe and Jill Biden's Tax Return 2023
Today- on 15 April 2024, the President and First Lady released their 2023 federal income tax return. President Biden has now shared 26 years of tax returns, reaffirming his commitment to openness.
Filing jointly, the Bidens reported a federal adjusted gross income of $619,976, with a federal income tax payment of $146,629, reflecting an effective federal income tax rate of 23.7 percent.
Their charitable contributions totaled $20,477, benefiting 17 different organizations. This included a significant donation of $5,000 to the Beau Biden Foundation, dedicated to protecting children from abuse. Other recipients included St. Joseph on the Brandywine, the Tragedy Assistance Program for Survivors (TAPS), and the National Fraternal Order of Police Foundation.
In addition to their federal return, the Bidens also released their Delaware and Virginia state tax returns. They paid $30,908 in Delaware income tax and $3,549 in Virginia income tax, respectively.
|
President Joe Biden |
First Lady Jill Biden |
| Federal Adjusted Gross Income |
$619,976 |
- |
| Federal Income Tax Paid |
$146,629 |
- |
| Effective Federal Income Tax Rate |
23.7% |
- |
| Contributions to Charity |
$20,477 |
- |
| Delaware Income Tax Paid |
- |
$30,908 |
| Virginia Income Tax Paid |
- |
$3,549 |
Why are the President's tax returns made public?
It's a tradition of transparency to demonstrate openness and honesty with the American people.
What is included in their income?
Their income typically comprises salaries, investments, pensions, and any other earnings.