roth_ira 1.2.3 → 1.2.4

checksums.yaml

@@ -1,7 +1,7 @@
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+SHA256:
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+  data.tar.gz: c908b024f19f20ada8b4d4955262aa207ec74a66e57c929d06306a02f1d64c8f
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data/lib/limits.yaml

@@ -107,3 +107,21 @@
     :minimum_phase_out: 400
   :catch_up_contribution: 1000
   :catch_up_age: 50
+2021:
+  :single:
+    :lower_income_limit: 125000
+    :upper_income_limit: 140000
+    :contribution_limit: 6000
+    :minimum_phase_out: 200
+  :head_of_household:
+    :lower_income_limit: 125000
+    :upper_income_limit: 140000
+    :contribution_limit: 6000
+    :minimum_phase_out: 200
+  :married_filing_jointly:
+    :lower_income_limit: 198000
+    :upper_income_limit: 208000
+    :contribution_limit: 12000
+    :minimum_phase_out: 400
+  :catch_up_contribution: 1000
+  :catch_up_age: 50

data/lib/roth_ira.rb

@@ -4,7 +4,7 @@ class RothIRA
   attr_reader :age, :agi, :filing_status, :limits, :spouse_age, :year
 
   def initialize(year)
-    raise(ArgumentError, "Invalid Tax Year #{year}") unless year.between?(2015, 2020)
+    raise(ArgumentError, "Invalid Tax Year #{year}") unless year.between?(2015, 2021)
     @year = year
     @limits = YAML.load(File.read(__dir__ + "/limits.yaml"))[year]
   end

data/lib/roth_ira/version.rb

@@ -1,3 +1,3 @@
 class RothIRA
-  VERSION = '1.2.3'
+  VERSION = '1.2.4'
 end

data/spec/roth_ira_spec.rb

@@ -2,7 +2,7 @@ require 'spec_helper'
 
 describe RothIRA do
   it 'should return correct version string' do
-    expect(RothIRA::VERSION).to eq('1.2.3')
+    expect(RothIRA::VERSION).to eq('1.2.4')
   end
 
   context 'Invalid tax years' do
@@ -10,8 +10,8 @@ describe RothIRA do
       expect{RothIRA.new(2014)}.to raise_error ArgumentError
     end
 
-    it 'should raise an ArgumentError if tax year is after 2020' do
-      expect{RothIRA.new(2021)}.to raise_error ArgumentError
+    it 'should raise an ArgumentError if tax year is after 2021' do
+      expect{RothIRA.new(2022)}.to raise_error ArgumentError
     end
   end
 
@@ -20,8 +20,8 @@ describe RothIRA do
       expect{RothIRA.new(2015)}.to_not raise_error
     end
 
-    it 'should not raise an ArgumentError if tax year is 2020' do
-      expect{RothIRA.new(2020)}.to_not raise_error
+    it 'should not raise an ArgumentError if tax year is 2021' do
+      expect{RothIRA.new(2021)}.to_not raise_error
     end
   end
 
@@ -526,4 +526,69 @@ describe RothIRA do
       end
     end
   end
+
+  context 'Tax year 2021' do
+    let(:roth_ira) { RothIRA.new(2021) }
+    context 'Single' do
+      it 'returns maximum contribution for bottom of income limit' do
+        expect(roth_ira.calculate(125000, :single, 40)).to eq(6000)
+      end
+
+      it 'returns maximum contribution for bottom of income limit with catch-up' do
+        expect(roth_ira.calculate(125000, :single, 50)).to eq(7000)
+      end
+
+      it 'returns zero contribution for top of income limit' do
+        expect(roth_ira.calculate(140000, :single, 40)).to eq(0)
+      end
+
+      it 'returns zero contribution for top of income limit with catch-up' do
+        expect(roth_ira.calculate(140000, :single, 50)).to eq(0)
+      end
+    end
+
+    context 'Head of Household' do
+      it 'returns maximum contribution for bottom of income limit' do
+        expect(roth_ira.calculate(125000, :head_of_household, 40)).to eq(6000)
+      end
+
+      it 'returns maximum contribution for bottom of income limit with catch-up' do
+        expect(roth_ira.calculate(125000, :head_of_household, 50)).to eq(7000)
+      end
+
+      it 'returns zero contribution for top of income limit' do
+        expect(roth_ira.calculate(140000, :head_of_household, 40)).to eq(0)
+      end
+
+      it 'returns maximum contribution for bottom of income limit with catch-up' do
+        expect(roth_ira.calculate(140000, :head_of_household, 50)).to eq(0)
+      end
+    end
+
+    context 'Married Filing Jointly' do
+      it 'returns maximum contribution for bottom of income limit' do
+        expect(roth_ira.calculate(198000, :married_filing_jointly, 40, 40)).to eq(12000)
+      end
+
+      it 'returns maximum contribution for bottom of income limit with one catch-up' do
+        expect(roth_ira.calculate(198000, :married_filing_jointly, 40, 50)).to eq(13000)
+      end
+
+      it 'returns maximum contribution for bottom of income limit with both catch-up' do
+        expect(roth_ira.calculate(198000, :married_filing_jointly, 50, 50)).to eq(14000)
+      end
+
+      it 'returns zero contribution for top of income limit' do
+        expect(roth_ira.calculate(208000, :married_filing_jointly, 40, 40)).to eq(0)
+      end
+
+      it 'returns zero contribution for top of income limit with one catch-up' do
+        expect(roth_ira.calculate(208000, :married_filing_jointly, 40, 50)).to eq(0)
+      end
+
+      it 'returns zero contribution for top of income limit with both catch-up' do
+        expect(roth_ira.calculate(208000, :married_filing_jointly, 50, 50)).to eq(0)
+      end
+    end
+  end
 end

metadata

@@ -1,14 +1,14 @@
 --- !ruby/object:Gem::Specification
 name: roth_ira
 version: !ruby/object:Gem::Version
-  version: 1.2.3
+  version: 1.2.4
 platform: ruby
 authors:
 - Randall Reed
 autorequire: 
 bindir: bin
 cert_chain: []
-date: 2020-02-08 00:00:00.000000000 Z
+date: 2020-10-29 00:00:00.000000000 Z
 dependencies:
 - !ruby/object:Gem::Dependency
   name: rspec
@@ -56,8 +56,7 @@ required_rubygems_version: !ruby/object:Gem::Requirement
     - !ruby/object:Gem::Version
       version: '0'
 requirements: []
-rubyforge_project: 
-rubygems_version: 2.6.11
+rubygems_version: 3.0.3
 signing_key: 
 specification_version: 4
 summary: Roth IRA Contribution Limit Calculator