| Proposed Tax Bills Side By Side | ||
| House | Senate | |
| Individual Tax Rates | 4 brackets, top rate of 39.6% | 7 brackets, top rate of 38.5% |
| Child Tax Credit | $1,600 | $2,000 |
| Medical Expense Deduction | Eliminated | Preserved |
| Alimony Deduction | Eliminated | Preserved |
| Education Incentives | Eliminated | Preserved |
| Alternative Minimum Tax | Eliminated | Preserved, but with larger exemption |
| Length of all Individual Changes | Permanent | Expire at the end of 2025 |
| Real Estate Tax | $10,000 Max | $10,000 Max |
| Mortgage Interest - Loan | $500,000 Limit | $1,000,000 Limit |
| Individual Insurance Mandate | Preserved | Eliminated |
| Estate Tax | Repealed in 2023 | Preserved, but with a doubled exemption |
| Corporate Tax Rate | 20% immediately | 20% in 2019 |