Tax reform seems imminent - here's where Trump's tax plan will save and cost you most

Thomson Reuters

Tax reform is on the table.

• The Senate is aiming for a final vote on their gigantic Republican tax reform bill on Friday afternoon.
• They appear to have enough votes to pass.
• We put together a guide comparing how your taxes could change based on what the Senate bill and the House bill contains.

The final vote on the massive tax bill by the Senate Republicans might be coming up on Friday.

Such a vote would come just three weeks after the bill, the Tax Cuts and Jobs Act (TCJA), was introduced.

Republicans seem confident that they have the necessary 50 votes to pass the TCJA. Senate Majority Leader Mitch McConnell told reporters at 12:00 p.m. ET that "we have the votes." (Stay up to date with Business Insider's live blog here.)

But there's been a lot of confusion among Americans about what's in the Senate's version of the bill and what's in the House's version of the bill - and how that would differ from the current law.

We put together a simple guide on how things might shift for you if either of these bills becomes law: