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President and First Lady Release 2008 Income Tax Returns

THE WHITE HOUSE

Office of the Press Secretary
__________________________________________________________________
FOR IMMEDIATE RELEASE                                         April 15, 2009

President and First Lady Release 2008 Income Tax Returns

Today, the President released his 2008 federal income tax returns.  He and the First Lady filed their income tax returns jointly and reported an adjusted gross income of $2,656,902.  The vast majority of the family’s 2008 income is the proceeds from the sale of the President’s books.  The Obamas paid $855,323 in federal income tax.

The President and First Lady also reported donating $172,050 – or about 6.5% of their adjusted gross income – to 37 different charities.  The largest reported gifts to charity were $25,000 contributions to CARE and the United Negro College Fund.

The President and First Lady also released their Illinois income tax return and reported paying $77,883 in state income taxes.

Copies of the returns are available below:

Download the President’s Federal 1040 form (pdf)

Download the President’s Federal 709 form (pdf)

Download the President’s Illinois State income tax return (pdf)