Returns Online

Dec 31, 2022

Last Updated: December 31, 2022 The federal income tax returns of former president Donald Trump were released Friday by the House Committee on Ways and Means . The tax returns cover the time period beginning in 2015 when Trump initially declared his candidature and ending in 2020, his last full year in office. Both Trump’s personal and company tax returns are included in a zip file slightly over 1GB in size and can be downloaded from the committee’s website. President Trump has claimed the IRS is auditing his finances and that he will release his tax returns once the audit is complete. Rep. Richard Neal (D-Massachusetts), the committee’s chairman and a Democrat, has said that the IRS did not start its audit when Trump claimed it occurred. The first obligatory audit was started two years into his administration, Neal said in a statement released on Friday. “This Committee had also demanded his records on the same day. This is the last thing we expected to discover from the IRS under the previous administration.” Although presidents are not required by law to make public their tax returns, every president since Richard Nixon half a century ago has done so willingly. Even though the committee requested Trump’s tax returns in 2019, they didn’t end up getting them until this past month due to a protracted court struggle. A study from a congressional committee that was made public in early December revealed that Trump had filed negative income in 2015–2017 and in 2020 and had paid income taxes of $750 in 2016 and 2017, $999,466 in 2018, $133,445 in 2019, and $0 in 2020. The former president issued a message on his Truth Social account, claiming that the returns demonstrate his success and the ways in which he made advantage of tax deductions to establish new businesses, buildings, and employment opportunities.