The newly passed legislation awaits Trump's signature in a White House ceremony on Friday following a 218-214 vote in the House.

These are some of the key tax changes in President Donald Trump’s "big beautiful" bill and how the current law compares to the new legislation.

President Trump repeatedly stated that he wanted to end Social Security benefit taxes, but that's not what the OBBB does. Instead, it adds a new $6,000 tax deduction for seniors ($12,000 for married couples) that they can claim on top of the standard deduction and existing senior deduction. Here's a closer look at how this adds up: