Bidens Paid $147,140 in Federal Income Taxes on $620,000 Income in 2023

President Biden and first lady Jill Biden paid $146,629 in federal income taxes in 2023, with an effective federal tax rate of 23.7%, after reporting income of $619,976. This marks the 26th year that Biden has released federal tax returns. The Bidens' joint income in 2023 was slightly more than in 2022, with Jill Biden earning $85,985 from teaching and reporting $4,115 in royalties from prior book publications. They also made charitable contributions totaling $20,477 to 17 charities, including $5,000 to the Beau Biden Foundation. Meanwhile, Vice President Kamala Harris and second gentleman Doug Emhoff reported paying $88,570 in federal income tax in 2023, with an effective federal tax rate of 19.7%, after earning income of $450,299. Former President Donald Trump has not released his latest federal tax returns.