The Senate is close to a final vote on the GOP tax bill - here's what to expect

• The Senate is expected to vote on the Republican tax plan in the next 24 hours.
• The plan would dramatically reshape the US tax code for businesses and individuals.
• Prospects for the bill's passage have improved dramatically.

As the Senate continues debate the Republican bill to overhaul the US tax code, many details have not been finalized - but passage appears closer than ever.

The Tax Cuts and Jobs Act (TCJA) would slash taxes on corporations while giving benefits to various industries as well.

For individuals, most Americans would get a tax cut, and all income groups would get a cut on average. But, it would also increase taxes on millions of tax filers and the individual cuts would expire after 2025 absent subsequent legislation.

A vote on the bill is expected some time late Thursday or early Friday, as GOP leaders try to win over a few more Republican members to vote for the bill. Currently, lawmakers are adding amendments to the bill, with Democrats hoping to slow its progress and Republicans trying to push the bill through.

If you're just now catch up to the Senate's debate on the TCJA, check out the quick catch on the tax bill below and catch all of our coverage here.

And follow along here for live coverage as it heads to a vote.