The president and his wife, Dr. Jill Biden, also reported donations of $17,394 to 10 charities.
President Biden and his wife on Friday reported earning $610,702 in 2021, almost the same amount the couple said they earned the year before, according to copies of their tax return made public by the White House. The release of their return — which comes just days before Monday’s deadline for Americans to file their taxes with the I.R.S. — shows that Mr. Biden and the first lady, Jill Biden, paid $150,439 in federal income tax, for an effective rate of 24.6 percent. Most of the money Mr. Biden and his wife earned came from his $400,000 annual salary for being president and two pensions. He also reported almost $62,000 from an S corporation controlled by the Bidens, which received money in 2021 from two publishing houses, Simon & Schuster and Flatiron Books. An S corporation is a small-business designation that allows business income, credits and deductions to pass through to shareholders. The president and first lady reported donations of $17,394 to 10 charities, including a $5,000 give to the Beau Biden Foundation, a nonprofit organization that works to protect children from abuse and is named in honor of the president’s son who died of brain cancer in 2015.
