The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in part by slashing health, nutrition, education and clean energy programs.

With a price tag topping $5 trillion, the bill promises immediate relief but ignites fierce debate over its long-term fiscal impact. Here’s what you need to know.

Immigrant tax filers face a harsher tax code than citizens in some important respects. Sweeping tax legislation recently passed by the House of Representatives would apply new or stricter limits for immigrant tax filers to 10 additional areas of the tax code.

The bill would boost the tax break to as much as $2,500 but end it for children of undocumented immigrants and married parents who file separate returns.

President Donald Trump says his tax bill, which won approval from a key congressional committee on May 18, would lower taxes for all Americans.  It's “increasing take-home pay for the typical family by thousands of dollars per year,