Republican lawmakers released the details of their tax code rewrite on Friday, which reconciles differences between the House and Senate bills.
Several of the most anticipated changes — such as a significant increase in the standard deduction and the curtailing of state and local income tax breaks — made the final cut. Some of the most controversial proposals, like eliminating the medical deduction, were wiped away.
Many of these provisions are temporary, however, and are set to expire after seven years. They all take effect in 2018, unless noted otherwise.
