"Biden and Harris 2023 Tax Returns: Key Takeaways for Everyday Taxpayers"

President Joe Biden and Vice President Kamala Harris released their 2023 tax returns, showing lessons for average Americans, including the impact of interest income, self-employment tax planning, and the importance of working with a tax professional for those with complex financial situations. The Bidens and the Harrises both earned most of their income from salaries, with interest income causing small estimated tax penalties. The Bidens reduced self-employment taxes through their S corporations, while taxpayers with self-employment income should consider the impact on future Social Security benefits. Working with a tax professional is recommended for higher earners with complex financial situations.