Seniors, students, taxpayers, children, parents, low-income Americans and just about everyone else will be affected by the massive tax and spending bill being hashed out in real time on Capitol Hill.

Republicans call it President Donald Trump’s “One Big Beautiful Bill Act,” but there have been several versions. The latest passed the Senate on Tuesday with Vice President JD Vance’s tie-breaking vote.

Senate Republicans’ version of the bill differs in key ways from what the House passed in May. Both chambers will ultimately have to pass the same version to send the package to Trump’s desk by his desired July Fourth deadline.

But the general contours of the massive piece of legislation are known. It extends Trump’s first-term tax cuts, funds his vision for a border wall, and offsets some of that revenue loss and additional spending with cuts to federal support for the social safety net that helps Americans afford food and health insurance.

Here’s what we know about how the Senate bill will affect …