Big changes are ahead for individual taxpayers. The One Big Beautiful Bill Act introduces a range of updates, from new tax breaks to adjustments in existing ones, that could significantly impact many individuals. It also makes permanent most of the tax cuts and credit changes originally made under the Tax Cuts and Jobs Act, with a few notable modifications.

Here are just a few of the provisions of The One, Big, Beautiful Bill, a massive tax and spending bill. The proposed legislation is currently back with the House of Representatives for further debate and a vote.

Election Day is less than a month away. Here’s a rundown of the major tax proposals of the two candidates.