Tax Day in the US: How much the Biden family earned in 2023 revealed

The Biden family's tax return was released on April 15, the final day for filing individual income tax returns in the US, which is known as "Tax Day."

In a statement from the White House, it was stated that Biden and his wife filed a joint income tax return and their gross income was 619 thousand 976 dollars.

The statement noted that the Biden family paid 146 thousand 629 dollars in federal income tax for the 2023 fiscal year.

Furthermore, the statement indicated that Biden and his wife paid 30 thousand 908 dollars in income tax to the state of Delaware and 3 thousand 549 dollars to the state of Virginia, and that the Biden family donated 20 thousand 477 dollars to 17 different charities.

The statement included the following: "President Biden has once again demonstrated his commitment to being transparent with the American people, becoming the president who has released the most tax returns while in office."

Biden's predecessor, former US President Donald Trump, had refused to release his tax returns throughout his four-year term.

TAX DAY IN THE US

In the US, the final day for submitting individual income tax returns to the federal government is called Tax Day.

Usually set for April 15, this day is pushed to the next business day if it falls on a weekend or a holiday.

The tax filing process in the US, which began on January 29 this year, ends at midnight local time on April 15.

In a statement made by the US Internal Revenue Service (IRS), it was reported that more than 100 million individual tax returns had been processed as of April 6.

The statement conveyed that tens of millions more people are expected to file their tax returns before the end of April, which is the busiest time of the year for tax filing.

The statement also noted that approximately 19 million taxpayers are estimated to apply for an extension until October 15, and that the IRS had issued more than 200 billion dollars in tax refunds from the start of the tax filing process in January through the beginning of April.

News Source: AA