The U.S. Senate Finance Committee is set to unveil the Chairman's Mark of the Tax Cuts and Jobs Act November 10. The mark has some significant differences from the bill currently moving through the Senate Finance Committee.

Some highlights of key differences include:

Seven tax brackets (10%, 12%, 22.5%, 25%, 32.5%, 35%, 38.5%)
Expand child credit to $1,650
Double the estate tax exemption (no repeal)
Home mortgage deduction remains at $1,000,000
Back to original framework standard deduction numbers
No change to carried interest
Medical expenses remain deductible
No state and local tax deductions (including real estate taxes)
Lower corporate rate to 20% but with one year delay
Changes passthrough income relief to a 17.4% deduction for such income

The Joint Committee on Taxation has released their summary of the Senate Finance Committee's Chairman's Mark.