The Democratic nominee’s deputy campaign manager, Kate Bedingfield, revealed on Tuesday that the “Biden’s are releasing their 2019 tax returns, making 22 years of records available to the American public”. She also announced that Joe Biden’s running mate Senator Kamala Harris and her husband Douglas Emhoff will also be releasing theirs.
Ms Bedingfield said: “For Sen. Harris this is now 15 years of returns that are available to the American public."
Mr Biden’s deputy campaign manager insisted that the move “is a historic level of transparency meant to give the American people, faith, once again that their leaders will look out for them and not their own bottom line”.
It comes as President Trump broke a four-decade long tradition of presidential candidates releasing their tax returns.
Mr Trump has faced several demands from congressional Democrats to release the information.
Joe Biden has released his 2019 tax returns
Donald Trump has faced several demands to release his tax returns
But he argued that he cannot release his returns as his taxes are currently being audited by the Internal Revenue Service.
The news of Mr Biden’s tax returns also came as the two White House hopefuls clashed over whether a third-party should check if the candidates are wearing earpieces ahead of the debate.
Mr Biden also came under fire for asking for breaks during the 90-minute-long debate.
The first presidential debate of the 2020 US election is set to kick start on Tuesday in Cleveland, Ohio.
READ MORE: How Biden will avoid BRAWL with 'aggressive' Trump during first debate
Kamala Harris and her husband Douglas Emhoff will also release their tax returns
Mr Biden has repeatedly demanded that Mr Trump release his tax returns.
Last year, Mr Biden told reporters in Ohio after a primary debate: “Mr President, release your tax returns or shut up.”
Mr Biden’s tax release comes after The New York Times published a report claiming the president did not pay federal income taxes in 10 of the past 15 years.
But Mr Trump branded the report as “fake news”.
Donald Trump tax: POTUS mocked IRS for MILLION dollar rebate [UPDATE]
Joe Biden wife: Who was Joe Biden's first wife? Is he married now? [INSIGHT]
How much does Joe Biden pay in taxes? Staggering amount [ANALYSIS]
US 2020 election debates
Mr Biden’s tax returns show that he and his wife Jill made an adjusted gross income of $985,233 (£766,053) and paid $299,346 (£232,727) in taxes.
The Biden’s gave an effective tax rate of roughly 30 percent.
Ms Harris and her husband released a joint income of $3,095,590 (£2,406,991) in 2019 and paid taxes of $1,185,628 (£921,891).
They gave an effective tax return of about 38 percent.
Before the vote in November there will be a total of three debates between the two presidential candidates and a vice presidential debate.
Joe Biden has repeatedly demanded that Donald Trump release his tax returns
Ohio is a key battleground state in this year’s US election making Tuesday’s debate even more crucial.
Chris Wallace from Fox News will be monitoring the first debate following his infamous interview with Mr Trump in July.
During the interview, Mr Wallace reacted to Mr Trump’s remarks that he “aced” a cognitive test.
He said: “It’s not the hardest test.”
Mr Trump responded: "That's all misrepresentation. Yes, the first few questions are easy but I bet you couldn't answer the last five questions."