There is a new calculator that shows how President Donald Trump’s “big, beautiful” law will affect your 2026 tax bill, and how much additional take-home pay you’ll be getting.

The calculator, from the Tax Foundation—an independent, tax policy research organization—looks at the new exemptions and tax write-offs in the massive 940-page One Big Beautiful Bill Act (OBBBA), which was signed into law in July.

The savings are the result of the OBBBA extending the 2017 Tax Cuts and Jobs Act, making many of the changes permanent, while adding some new short- and long-term tax rules, including the “No Tax on Tips” provision (which allows eligible tipped workers to deduct a portion of their income from tips on their federal income taxes), a car loan deduction, a deduction for charitable donations,

See Full Page