Republicans in Congress have big plans for the “one big, beautiful bill,” which will affect not only tax rates and exemptions but also how people file their taxes. The GOP was irked last year by an Internal Revenue Service announcement that it would make Direct File permanent.

A new bill backed by House Republicans wants to extend the higher child tax credit President Trump instituted in 2017. The bill would also add inflation adjustments to help the child tax credit maintain a similar value for Americans over time.

The sweeping Republican mega-bill hit a major road block, threatening to derail huge parts of Trump's second-term agenda