Here's how much Social Security income Joe Biden is receiving

Since the early 1970s, most U.S. presidents have chosen to publicly file their federal tax returns. This has been the case with Joe Biden prior to and following his November 2020 election victory.

While there are numerous income streams to note on President Biden's tax return, which is jointly filed with his wife Jill Biden, the eye-popping income figure to note can be found on line 6a of Form 1040. For those who aren't tax professionals, line 6a is where an individual or couple filing jointly would list the amount of Social Security benefits they received in the previous calendar tax year (in this instance, 2021).

Last year, the Biden's claimed $54,665 in Social Security income on a joint basis, which works out to about $4,555 each month. Even taking into account that this $4,555 figure is the combination of Joe's and Jill's monthly payout, this is well above what the average retired worker brings home each month from Social Security.

Furthermore, with the U.S. inflation rate hitting a more than four-decade high of 9.1% in June, the 2023 cost-of-living adjustment (COLA) for Social Security should be sizable — i.e., the largest in decades. Following a 5.9% COLA that was passed along to beneficiaries in 2022, it wouldn't be a surprise to see the Biden's taking home well in excess of $60,000 a year, jointly, from Social Security come their 2023 federal tax filing.