The midnight deadline to file 2010 tax returns is fast approaching. Usually, the deadline for filing federal tax returns is April 15, however, this year we got a three -day-grace period. The reason: Emancipation Day fell on a Saturday, but was celebrated as a legal holiday on April 15 in Washington, D.C.
Emancipation Day commemorates the day, April 16, 1862, when President Abraham Lincoln signed an order freeing the slaves in the District of Columbia — six months ahead of signing the Emancipation Proclamation — freeing slaves everywhere in the country.
Despite the extra few days, thousands of taxpayers are scrambling to meet that midnight deadline. Meanwhile, President Barack Obama has filed his income tax returns and they’re posted on the White House Blog.
President Obama and First Lady Michelle filed jointly and reported an adjusted income of $1,728,096 in 2010. The majority of the president’s income is from his book sales. The Obamas paid $453,770 in federal taxes. Also, they donated $245,075 to 35 different charities.
The Obamas’ tax return in their home state of Illinois shows they paid $51,568 in taxes for 2010.
More on the Obamas tax returns and those of Vice President, Joe Biden, and his wife Dr. Jill Biden here.