Here's a look at whether you should be delighted or worried about the bill. (Spoiler: You may want to put away the confetti and noisemakers.)

As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).

Republicans, including Senate Minority Leader John Braun, have cheered on the bill for offering tax breaks to middle-class residents.

The Democratic National Committee is showing where President Trump's bill could hurt people in the state, but the White House points to savings.

An analysis by a think tank found that annual household energy costs in the state will increase $110 by 2030 and $410 by 2035.

Big changes are coming to Iowans’ taxes, health care, nutrition assistance, energy generation and student loans. Here's what it all means for Iowans.