President Barack Obama and his wife , Michelle , paid more than $ 93,000 in federal taxes last year on an adjusted gross income of more than $ 477,000 , according to tax returns released Friday by the White House . Their effective tax rate was 19.6 percent , the returns show . The Obamas lowered their 2014 tax bill by claiming nearly $ 160,000 in itemized deductions , including $ 70,712 in charitable donations to 33 different charities . Altogether , they donated nearly 15 percent of their income . The largest was a $ 22,012 donation to the Fisher House Foundation , which supports military families . SCROLL DOWN FOR VIDEO AND TO READ THE TAX RETURN . They also donated $ 5,000 to Sidwell Friends School , the exclusive private school where daughters Malia and Sasha are enrolled . The 38-page document , which includes the couple 's Illinois state income tax return , shows the president made nearly $ 395,000 in wages . The couple also reported making $ 94,889 from the sale of Obama 's best-selling books . That 's down from more than $ 116,000 the year before . Obama received $ 51,167 from Random House and $ 43,722 from Dystel & Goderich Literary Management . The White House released the Obamas ' tax returns ahead of the filing deadline Wednesday . The Obamas are getting a tax refund of $ 20,641 . They could have received an additional $ 5,000 but opted to apply that amount to their 2015 tax bill . The couple reported paying $ 22,640 in state income tax in Illinois . The White House also released the 2014 income tax returns for Vice President Joe Biden and his wife , Jill . The Bidens paid more than $ 90,000 in federal taxes last year on adjusted gross income of nearly $ 389,000 . They paid an effective federal income tax rate of 23.3 percent and reported $ 7,380 in donations to charity . Obamas 2014 Tax Return uploaded by DailyMail.com .
Barack and Michele Obama 's effective tax rate was 19.6 per cent . They made $ 70,712 in donations to 33 different charities . Claimed a whopping $ Nearly $ 95,000 in itemized deductions . 160,000 in income came from sales of the president 's books .