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flag Trump's 2025 tax law cuts income taxes, eliminates taxes on tips and overtime, and creates Trump Accounts.

flag The Trump administration's 2025 tax legislation, known as the "One Big Beautiful Bill," has delivered significant tax savings for middle- and lower-income Americans. flag The law eliminated federal income tax on tips and overtime pay, while establishing Trump Accounts that provide a $1,000 federal contribution for millions of children. flag Early IRS data shows the average family saved about $2,000, and the share of federal income taxes paid by the top 10% rose to 77%, suggesting the burden shifted away from the wealthy.

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