Biden and his wife report $620,000 income on 2023 tax returns

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President Joe Biden and his wife, Jill, on Monday released tax returns showing that their income rose 7% to $619,976 in 2023 and that the couple paid 23.7% of their income in federal taxes.

Biden released the data on the day U.S. taxes for the prior year are due and as the Democrat seeks re-election in 2024.

Donald Trump, his Republican opponent, broke with the tradition of presidents making their federal tax returns public, saying he was not able to do so while being audited by the Internal Revenue Service, even as the agency claimed he was free to release them.

A House committee controlled in 2022 by Democrats released Trump’s redacted returns for 2015 through 2020 over the former president’s objections.