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according to the Tax Policy Center (1).Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPApproaching retirement with no savings? Don’t panic, you're not alone. Here are 6 easy ways you can catch up (and fast)Similarly, 40% of households had a $0 federal tax bill in 2022, under the Biden administration. However, Trump’s tax cuts favor specific groups, which means some Americans may end up with a $0 tax bill for the first time in 2025 (2).Here’s a closer look at who will come out ahead.Trump’s One Big Beautiful Bill Act (OBBBA) specifically favors seniors, employees earning tips and overtime, and those with children.Here’s an example: Casey and Riley earn a combined income of $100,000 and have two children under the age of 13. Their usual deductions allow them to lower their taxable income considerably, with $31,500 in standard deductions, $6,800 in 401(k) contributions, $6,800 for health insurance premiums, $1,260 for a Health Flexible Spending Account (FSA) and $3,000 for a Dependent Care Flexible Spending Account (DCFSA).But the new bill adds another deduction to this list: overtime pay. Casey and Riley can deduct an additional $10,000 because of this.After all deductions and subtractions from their total income, they net out at $40,640, leaving them with a $4,400 tax liability. However, Casey and Riley could also receive the maximum child tax credit of $2,200 per child, which is up from $2,000 last year. The combined tax credit of $4,400 would offset the amount they owe in taxes and leave them effectively with a $0 federal tax bill.Similarly, a retired couple who are both 66 years old and earning a combined adjusted gross income of $96,700 could reduce their taxable income by $34,700 under the existing standard deduction. The OBBBA’s new seniors deduction, worth $6,000 each or $12,000 together, decreases their combined taxable income to $50,000 (3).Because the remaining $50,000 is derived from capital gains and qualified dividends, it would be subject to a 0% tax rate (4). All in all, the senior couple could pay $0 in federal income tax.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,845.50 -50.74 (-0.74%)Dow 3048,063.29 -303.77 (-0.63%)Nasdaq23,241.99 -177.09 (-0.76%)Russell 20002,481.91 -18.68 (-0.75%)VIX14.95 0.00 (0.00%)Gold4,332.10 -9.00 (-0.21%)Trending tickersBTC-USD Bitcoin USD 88,307.83 +677.25 (+0.77%)ETH-USD Ethereum USD 2,986.75 +10.06 (+0.34%)XRP-USD XRP USD 1.87 +0.03 (+1.66%)DOGE-USD Dogecoin USD 0.13 +0.01 (+7.50%)SOL-USD Solana USD 125.29 +1.14 (+0.92%)PortfolioSign in to access your portfolioSign inTop gainersAXSM Axsome Therapeutics, Inc. 182.64 +33.85 (+22.75%)PSNY Polestar Automotive Holding UK PLC 21.37 +1.88 (+9.65%)ONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)DJT Trump Media & Technology Group Corp. 13.24 +0.67 (+5.33%)PBF PBF Energy Inc. 27.12 +1.08 (+4.15%)Top losersCORT Corcept Therapeutics Incorporated 34.80 -35.40 (-50.42%)QXO QXO, Inc. 19.29 -1.75 (-8.32%)RGC Regencell Bioscience Holdings Limited 21.00 -1.90 (-8.30%)NIO NIO Inc. 5.10 -0.40 (-7.27%)PSLV Sprott Physical Silver Trust 23.65 -1.57 (-6.23%)Most activeONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)NVDA NVIDIA Corporation 186.50 -1.04 (-0.55%)PLUG Plug Power Inc. 1.9700 +0.0350 (+1.81%)NIO NIO Inc. 5.10 -0.40 (-7.27%)TSLA Tesla, Inc. 449.72 -4.52 (-1.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events