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.

Donald Trump wants to sign his 'big beautiful' tax and spending bill into law July 4. Here's where it stands as it heads to his desk.

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: