More than 100 big companies paid no federal income tax in 2025

Over 100 large companies paid no federal income tax in 2025. This outcome follows laws enacted under President Trump, which reduced the federal corporate tax rate from 35% to 21%. Additionally, President Trump and Congress worked together to extend or expand various tax breaks available to these corporations. These combined legislative actions allowed a significant number of major firms to eliminate their federal income tax liabilities during the 2025 fiscal year according to the reported data.