The "big, beautiful bill" signed into law​ by President Trump last week will allow him to dramatically expand his immigration crackdown.

Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

The megalaw reduces the number of federal student loan repayment options and places a cap on how much individuals can can borrow for higher education.

The GOP measure includes tax cuts and spending reductions, as well as immigration enforcement funding.

The tax and spending package includes $66.4 billion in new money for programs assisting farmers, strengthening the safety net if there is significant volatility in crop prices and revenues.

Contained in the new federal spending law formerly known as the "Big Beautiful Bill" is funding for 17 icebreakers, 21 cutters, more than 40 helicopters and six large patrol airplanes, Coast Guard officials said. It could take as long as 15 years to get the first of the large ships commissioned, according to government estimates.