Congress just passed the biggest tax cut bill in years. Here is when people might start to notice the tax changes. The House passed the final version of the One Big Beautiful Bill Act on Thursday in a 218-214 vote.

The bill modestly and permanently raises the maximum amount of the child tax credit from $2,000 to $2,200 per child under the age of 17 and requires at least one parent to have a Social Security number. Those with lower incomes will not benefit as much because they make too little and the tax credit is not fully refundable.