Big Beautiful Bill Passes House 215-214: What Changes to Your Taxes, Tips, and Child Credit

# Big Beautiful Bill Passes House 215-214: What Changes to Your Taxes, Tips, and Child Credit

> **Quick answer:** The House passed the One Big Beautiful Bill Act 215-214 (with 1 present) in an early-morning vote on May 22, 2026. The bill makes TCJA tax rates permanent, creates a deduction of up to $25,000 for tipped income, lets employees deduct overtime pay, raises the child tax credit to $2,200 per child, bumps the married standard deduction to $32,200, and temporarily lifts the SALT cap to $40,000. It now heads to the Senate — target signing date is July 4, 2026. Nothing takes effect until the Senate passes it and the President signs it.

The House voted 215-214 in the early morning hours of May 22, 2026, approving the largest tax legislation since the 2017 Tax Cuts and Jobs Act. The One Big Beautiful Bill Act passed along party lines before 7 a.m. ET, surviving last-minute holdouts in a razor-thin majority. For tens of millions of American workers, the question is immediate: what does this mean for my paycheck, my child credit, and my tax bill?

> **This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor or CPA for personal financial decisions.**

## What Just Happened: The 215-214 House Vote

The House passed H.R. 1 — formally titled the One Big Beautiful Bill Act — by a single vote in one of the closest tax votes in recent congressional history. Three Republicans voted against the bill and one voted "present," which accounted for the narrow margin. Speaker Mike Johnson had delayed the vote twice in the preceding weeks to negotiate with moderates concerned about Medicaid cuts and the bill's projected $4 trillion revenue cost over 10 years.