American presidents traditionally release their tax returns. But former President Donald Trump refused to do so.
President Joe Biden and First Lady Jill Biden paid $169,820 in federal and state income tax on a combined $579,514 in adjusted gross income, according to their annual tax returns.
The President and First Lady filed their income tax return jointly and reported federal adjusted gross income of $579,514. They paid $169,820 in combined federal, Delaware, and Virginia income taxes. And their 2022 effective federal income tax rate is 23.8 percent.
The President and First Lady also reported contributions of $20,180 to 20 different charities. The largest gift to charity was $5,000 to the Beau Biden Foundation, a public charity dedicated to ensuring that all children are free from the threat of abuse. They also donated to St. Joseph on the Brandywine, their home parish, to the Tragedy Assistance Program for Survivors, and the National Fraternal Order of Police Foundation, among other charities.
Specifically, the President and First Lady paid $137,658 in federal income tax. They also released their Delaware income tax return and reported paying $29,023 in Delaware income tax. The First Lady released her Virginia income tax return as well, and reported paying $3,139 in Virginia income tax.