President Biden and Vice President Harris released their tax returns for 2023. Biden's income rose slightly while Harris's income decreased slightly. Both couples paid federal income taxes and incurred small penalties for underpaying estimated taxes. The returns highlight the complexities of the tax code, including handling multiple income sources and managing tax liabilities. Tax experts advise higher earners with complex financial situations to consider working with professionals to optimize their tax strategies.
The US economy added over 300,000 jobs in March, exceeding expectations. Healthcare, government, and hospitality sectors led the growth. Notably, leisure and hospitality jobs have recovered from pandemic losses. This growth may be driven in part by increased immigration, which helps balance the labor market and keep wage pressures low.
