policyengine-us 1.356.0__py3-none-any.whl → 1.357.1__py3-none-any.whl

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Files changed (39) hide show
  1. policyengine_us/parameters/gov/irs/credits/ctc/amount/adult_dependent.yaml +3 -1
  2. policyengine_us/parameters/gov/irs/credits/ctc/amount/base.yaml +9 -1
  3. policyengine_us/parameters/gov/irs/credits/ctc/child_ssn_requirement_applies.yaml +3 -0
  4. policyengine_us/parameters/gov/irs/credits/ctc/phase_out/threshold.yaml +3 -6
  5. policyengine_us/parameters/gov/irs/credits/ctc/refundable/individual_max.yaml +7 -1
  6. policyengine_us/parameters/gov/irs/credits/ctc/refundable/phase_in/threshold.yaml +3 -1
  7. policyengine_us/parameters/gov/irs/credits/estate/base.yaml +4 -4
  8. policyengine_us/parameters/gov/irs/deductions/itemized/casualty/active.yaml +4 -0
  9. policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml +3 -0
  10. policyengine_us/parameters/gov/irs/deductions/standard/amount.yaml +62 -60
  11. policyengine_us/parameters/gov/irs/income/amt/exemption/amount.yaml +58 -55
  12. policyengine_us/parameters/gov/irs/income/amt/exemption/phase_out/start.yaml +58 -54
  13. policyengine_us/parameters/gov/irs/income/amt/exemption/separate_limit.yaml +14 -1
  14. policyengine_us/parameters/gov/irs/income/bracket.yaml +223 -395
  15. policyengine_us/parameters/gov/irs/income/exemption/amount.yaml +3 -11
  16. policyengine_us/parameters/gov/territories/pr/tax/income/taxable_income/exemptions/dependent/amount/non_separate.yaml +1 -1
  17. policyengine_us/parameters/gov/territories/pr/tax/income/taxable_income/exemptions/dependent/amount/separate.yaml +1 -1
  18. policyengine_us/tests/policy/baseline/gov/irs/credits/ctc/maximum/individual/ctc_adult_individual_maximum.yaml +2 -2
  19. policyengine_us/tests/policy/baseline/gov/irs/deductions/itemized/salt_and_real_estate/reported_salt.yaml +3 -3
  20. policyengine_us/tests/policy/baseline/gov/irs/income/taxable_income/deductions/itemizing/itemized_taxable_income_deductions_reduction.yaml +3 -15
  21. policyengine_us/tests/policy/baseline/gov/states/ny/tax/income/credits/ny_ctc.yaml +6 -6
  22. policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/education/pr_education_deduction.yaml +1 -1
  23. policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/education/pr_education_deduction_beneficiary_count.yaml +1 -1
  24. policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/pr_casualty_loss_deduction.yaml +1 -1
  25. policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/pr_charitable_deduction.yaml +1 -1
  26. policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/pr_mortgage_deduction.yaml +1 -1
  27. policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/retirement/pr_retirement_deduction.yaml +1 -1
  28. policyengine_us/tests/policy/baseline/gov/territories/pr/tax/income/taxable_income/deductions/retirement/pr_retirement_deduction_eligibility.yaml +1 -1
  29. policyengine_us/tests/policy/contrib/additional_tax_bracket/additional_tax_bracket_reform.yaml +4 -4
  30. policyengine_us/tests/policy/contrib/ctc/ctc_additional_bracket.yaml +1 -1
  31. policyengine_us/tests/policy/contrib/deductions/salt/limit_salt_deduction_to_property_taxes.yaml +1 -1
  32. policyengine_us/tests/policy/contrib/treasury/repeal_dependent_exemptions.yaml +2 -2
  33. {policyengine_us-1.356.0.dist-info → policyengine_us-1.357.1.dist-info}/METADATA +1 -1
  34. {policyengine_us-1.356.0.dist-info → policyengine_us-1.357.1.dist-info}/RECORD +37 -39
  35. policyengine_us/tests/policy/contrib/reconciliation/aca_ptc_immigration_status.yaml +0 -55
  36. policyengine_us/tests/policy/contrib/reconciliation/reconciled_medicaid_work_requirement.yaml +0 -122
  37. {policyengine_us-1.356.0.dist-info → policyengine_us-1.357.1.dist-info}/WHEEL +0 -0
  38. {policyengine_us-1.356.0.dist-info → policyengine_us-1.357.1.dist-info}/entry_points.txt +0 -0
  39. {policyengine_us-1.356.0.dist-info → policyengine_us-1.357.1.dist-info}/licenses/LICENSE +0 -0
policyengine_us/parameters/gov/irs/credits/ctc/amount/adult_dependent.yaml CHANGED
@@ -4,7 +4,6 @@ description: Maximum value of the CTC for adult dependents.
4
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  values:
5
5
  0000-01-01: 0
6
6
  2018-01-01: 500
7
- 2026-01-01: 0
8
7
  metadata:
9
8
  unit: currency-USD
10
9
  period: year
@@ -13,3 +12,6 @@ metadata:
13
12
  # TCJA only.
14
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  - title: 26 U.S. Code § 24(h)(4)(a)
15
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  href: https://www.law.cornell.edu/uscode/text/26/24#h_4_A
15
+ - title: H.R.1 - One Big Beautiful Bill Act
16
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
17
+ # OBBB extends TCJA CTC, including adult dependent credit.
policyengine_us/parameters/gov/irs/credits/ctc/amount/base.yaml CHANGED
@@ -8,8 +8,13 @@ brackets:
8
8
  values:
9
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  2013-01-01: 1_000
10
10
  2018-01-01: 2_000
11
+ 2025-01-01: 2_200
12
+ 2027-01-01: 2_300
13
+ 2029-01-01: 2_400
14
+ 2031-01-01: 2_500
15
+ 2033-01-01: 2_600
16
+ 2035-01-01: 2_700
11
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  # Rose to $3,000/$3,600 in 2021. See arpa.yaml.
12
- 2026-01-01: 1_000
13
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  metadata:
14
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  reference:
15
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  - title: 26 U.S. Code § 24(a)
@@ -18,6 +23,9 @@ brackets:
18
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  href: https://www.law.cornell.edu/uscode/text/26/24#h
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  - title: 26 U.S. Code § 24(i)
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  href: https://www.law.cornell.edu/uscode/text/26/24#i
26
+ - title: H.R.1 - One Big Beautiful Bill Act
27
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
28
+ # OBBB sets CTC value in $2,200 and uprates using 2024 as the base year.
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  - threshold:
22
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  values:
23
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  2013-01-01: 17
policyengine_us/parameters/gov/irs/credits/ctc/child_ssn_requirement_applies.yaml CHANGED
@@ -8,3 +8,6 @@ metadata:
8
8
  reference:
9
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  - title: 26 U.S. Code § 24(h)(7)
10
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  href: https://www.law.cornell.edu/uscode/text/26/24#h_7
11
+ - title: H.R.1 - One Big Beautiful Bill Act
12
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
13
+ # OBBB extends TCJA CTC SSN requirement for children.
policyengine_us/parameters/gov/irs/credits/ctc/phase_out/threshold.yaml CHANGED
@@ -2,23 +2,18 @@ description: The IRS phases out the Child Tax Credit for filers with MAGI above
2
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  SINGLE:
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  2013-01-01: 75_000
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  2018-01-01: 200_000
5
- 2026-01-01: 75_000
6
5
  JOINT:
7
6
  2013-01-01: 110_000
8
7
  2018-01-01: 400_000
9
- 2026-01-01: 110_000
10
8
  SEPARATE:
11
9
  2013-01-01: 55_000
12
10
  2018-01-01: 200_000
13
- 2026-01-01: 55_000
14
11
  HEAD_OF_HOUSEHOLD:
15
12
  2013-01-01: 75_000
16
13
  2018-01-01: 200_000
17
- 2026-01-01: 75_000
18
14
  SURVIVING_SPOUSE:
19
15
  2013-01-01: 75_000
20
16
  2018-01-01: 400_000
21
- 2026-01-01: 75_000
22
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  metadata:
23
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  unit: currency-USD
24
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  period: year
@@ -31,4 +26,6 @@ metadata:
31
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  # TCJA:
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  - title: U.S.C 26 U.S. Code § 24(h)(3)
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  href: https://www.law.cornell.edu/uscode/text/26/24#h_3
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-
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+ - title: H.R.1 - One Big Beautiful Bill Act
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+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
31
+ # OBBB extends TCJA CTC phaseout thresholds.
policyengine_us/parameters/gov/irs/credits/ctc/refundable/individual_max.yaml CHANGED
@@ -6,12 +6,18 @@ values:
6
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  2022-01-01: 1_500
7
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  2023-01-01: 1_600
8
8
  2024-01-01: 1_700
9
- 2026-01-01: 1_000
9
+ 2027-01-01: 1_800
10
+ 2029-01-01: 1_900
11
+ 2032-01-01: 2_000
12
+ 2034-01-01: 2_100
10
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  metadata:
11
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  unit: currency-USD
12
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  period: year
13
16
  label: Child tax credit refundable maximum amount
14
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  reference:
18
+ - title: H.R.1 - One Big Beautiful Bill Act
19
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
20
+ # OBBB extends TCJA CTC refundable maximum, sets base year to 2017 instead of 2016 for uprating.
15
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  - title: 2025 IRS data release
16
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  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=8
17
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  - title: 2024 IRS data release
policyengine_us/parameters/gov/irs/credits/ctc/refundable/phase_in/threshold.yaml CHANGED
@@ -2,7 +2,6 @@ description: Additional Child Tax Credit income threshold
2
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  values:
3
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  2013-01-01: 3_000
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  2018-01-01: 2_500
5
- 2026-01-01: 3_000
6
5
  metadata:
7
6
  unit: currency-USD
8
7
  period: year
@@ -13,3 +12,6 @@ metadata:
13
12
  # TCJA:
14
13
  - title: 26 U.S. Code § 24(h)(6)
15
14
  href: https://www.law.cornell.edu/uscode/text/26/24#h_6
15
+ - title: H.R.1 - One Big Beautiful Bill Act
16
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
17
+ # OBBB extends TCJA CTC phase-in threshold.
policyengine_us/parameters/gov/irs/credits/estate/base.yaml CHANGED
@@ -4,6 +4,8 @@ metadata:
4
4
  label: Estate tax credit base exclusion amount
5
5
  period: year
6
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  reference:
7
+ - title: H.R.1 - One Big Beautiful Bill Act
8
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
7
9
  - title: 2025 IRS data release
8
10
  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=18
9
11
  - title: 26 U.S. Code § 2010 - Unified credit against estate tax - (c)(3)(A)
@@ -55,7 +57,5 @@ values:
55
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  2023-01-01: 12_920_000
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  2024-01-01: 13_610_000
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  2025-01-01: 13_990_000
58
- # Based on the legal code, we use 2017 value as the base
59
- # and cpi_w (2026Q1 projection) for uprating
60
- # 5,000,000 * 321.701 (2026Q1) / 236.854 (2017-01-01)
61
- 2026-01-01: 6_790_000
60
+ # OBBB sets estate credit value to $15M.
61
+ 2026-01-01: 15_000_000
policyengine_us/parameters/gov/irs/deductions/itemized/casualty/active.yaml CHANGED
@@ -2,6 +2,10 @@ description: Casualty expense deduction is active.
2
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  metadata:
3
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  unit: bool
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  label: Casualty expense deduction active
5
+ reference:
6
+ - title: H.R.1 - One Big Beautiful Bill Act
7
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
8
+ # OBBB extends extends elimination of casualty expense deduction, with an exception for state declared disasters.
5
9
  values:
6
10
  2013-01-01: true
7
11
  2018-01-01: false
policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml CHANGED
@@ -20,6 +20,9 @@ metadata:
20
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  period: year
21
21
  label: IRS home mortgage value cap
22
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  reference:
23
+ # OBBB extends TCJA limits on mortgage interested deduction.
24
+ - title: H.R.1 - One Big Beautiful Bill Act
25
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
23
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  # Hawaii applies this AGI threshold in the state itemized deductions computation
24
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  - title: Hawaii Income Tax Law, Chapter 235, Section 235-2.4, (j)(3)
25
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  href: https://files.hawaii.gov/tax/legal/hrs/hrs_235.pdf#page=10
policyengine_us/parameters/gov/irs/deductions/standard/amount.yaml CHANGED
@@ -8,18 +8,18 @@ SINGLE:
8
8
  2022-01-01: 12_950
9
9
  2023-01-01: 13_850
10
10
  2024-01-01: 14_600
11
- 2025-01-01: 15_000
12
- # CBO forecast.
13
- 2026-01-01: 8_300
14
- 2027-01-01: 8_450
15
- 2028-01-01: 8_650
16
- 2029-01-01: 8_800
17
- 2030-01-01: 9_000
18
- 2031-01-01: 9_150
19
- 2032-01-01: 9_350
20
- 2033-01-01: 9_500
21
- 2034-01-01: 9_700
22
- 2035-01-01: 9_900
11
+ 2025-01-01: 15_750
12
+ # Internal forecast, will update when CBO forecast is released.
13
+ 2026-01-01: 16_300
14
+ 2027-01-01: 16_700
15
+ 2028-01-01: 17_050
16
+ 2029-01-01: 17_400
17
+ 2030-01-01: 17_750
18
+ 2031-01-01: 18_100
19
+ 2032-01-01: 18_450
20
+ 2033-01-01: 18_850
21
+ 2034-01-01: 19_200
22
+ 2035-01-01: 19_600
23
23
  JOINT:
24
24
  2018-01-01: 24_000
25
25
  2019-01-01: 24_400
@@ -28,18 +28,18 @@ JOINT:
28
28
  2022-01-01: 25_900
29
29
  2023-01-01: 27_700
30
30
  2024-01-01: 29_200
31
- 2025-01-01: 30_000
32
- # CBO forecast.
33
- 2026-01-01: 16_600
34
- 2027-01-01: 16_900
35
- 2028-01-01: 17_300
36
- 2029-01-01: 17_600
37
- 2030-01-01: 18_000
38
- 2031-01-01: 18_300
39
- 2032-01-01: 18_700
40
- 2033-01-01: 19_000
41
- 2034-01-01: 19_400
42
- 2035-01-01: 19_800
31
+ 2025-01-01: 31_500
32
+ # Internal forecast, will update when CBO forecast is released.
33
+ 2026-01-01: 32_600
34
+ 2027-01-01: 33_400
35
+ 2028-01-01: 34_100
36
+ 2029-01-01: 34_800
37
+ 2030-01-01: 35_500
38
+ 2031-01-01: 36_200
39
+ 2032-01-01: 36_900
40
+ 2033-01-01: 37_700
41
+ 2034-01-01: 38_400
42
+ 2035-01-01: 39_200
43
43
  SEPARATE:
44
44
  2018-01-01: 12_000
45
45
  2019-01-01: 12_200
@@ -48,18 +48,18 @@ SEPARATE:
48
48
  2022-01-01: 12_950
49
49
  2023-01-01: 13_850
50
50
  2024-01-01: 14_600
51
- 2025-01-01: 15_000
52
- # CBO forecast.
53
- 2026-01-01: 8_300
54
- 2027-01-01: 8_450
55
- 2028-01-01: 8_650
56
- 2029-01-01: 8_800
57
- 2030-01-01: 9_000
58
- 2031-01-01: 9_150
59
- 2032-01-01: 9_350
60
- 2033-01-01: 9_500
61
- 2034-01-01: 9_700
62
- 2035-01-01: 9_900
51
+ 2025-01-01: 15_750
52
+ # Internal forecast, will update when CBO forecast is released.
53
+ 2026-01-01: 16_300
54
+ 2027-01-01: 16_700
55
+ 2028-01-01: 17_050
56
+ 2029-01-01: 17_400
57
+ 2030-01-01: 17_750
58
+ 2031-01-01: 18_100
59
+ 2032-01-01: 18_450
60
+ 2033-01-01: 18_850
61
+ 2034-01-01: 19_200
62
+ 2035-01-01: 19_600
63
63
  HEAD_OF_HOUSEHOLD:
64
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  2018-01-01: 18_000
65
65
  2019-01-01: 18_350
@@ -68,18 +68,18 @@ HEAD_OF_HOUSEHOLD:
68
68
  2022-01-01: 19_400
69
69
  2023-01-01: 20_800
70
70
  2024-01-01: 21_900
71
- 2025-01-01: 22_500
72
- # CBO forecast.
73
- 2026-01-01: 12_150
74
- 2027-01-01: 12_400
75
- 2028-01-01: 12_650
76
- 2029-01-01: 12_900
77
- 2030-01-01: 13_200
78
- 2031-01-01: 13_450
79
- 2032-01-01: 13_700
80
- 2033-01-01: 14_000
81
- 2034-01-01: 14_250
82
- 2035-01-01: 14_550
71
+ 2025-01-01: 23_625
72
+ # Internal forecast, will update when CBO forecast is released.
73
+ 2026-01-01: 24_500
74
+ 2027-01-01: 25_100
75
+ 2028-01-01: 25_600
76
+ 2029-01-01: 26_150
77
+ 2030-01-01: 26_650
78
+ 2031-01-01: 27_200
79
+ 2032-01-01: 27_700
80
+ 2033-01-01: 28_250
81
+ 2034-01-01: 28_800
82
+ 2035-01-01: 29_400
83
83
  SURVIVING_SPOUSE:
84
84
  2018-01-01: 24_000
85
85
  2019-01-01: 24_400
@@ -88,18 +88,18 @@ SURVIVING_SPOUSE:
88
88
  2022-01-01: 25_900
89
89
  2023-01-01: 27_700
90
90
  2024-01-01: 29_200
91
- 2025-01-01: 30_000
92
- # CBO forecast.
93
- 2026-01-01: 16_600
94
- 2027-01-01: 16_900
95
- 2028-01-01: 17_300
96
- 2029-01-01: 17_600
97
- 2030-01-01: 18_000
98
- 2031-01-01: 18_300
99
- 2032-01-01: 18_700
100
- 2033-01-01: 19_000
101
- 2034-01-01: 19_400
102
- 2035-01-01: 19_800
91
+ 2025-01-01: 31_500
92
+ # Internal forecast, will update when CBO forecast is released.
93
+ 2026-01-01: 32_600
94
+ 2027-01-01: 33_400
95
+ 2028-01-01: 34_100
96
+ 2029-01-01: 34_800
97
+ 2030-01-01: 35_500
98
+ 2031-01-01: 36_200
99
+ 2032-01-01: 36_900
100
+ 2033-01-01: 37_700
101
+ 2034-01-01: 38_400
102
+ 2035-01-01: 39_200
103
103
  metadata:
104
104
  unit: currency-USD
105
105
  label: Standard deduction
@@ -107,6 +107,8 @@ metadata:
107
107
  breakdown:
108
108
  - filing_status
109
109
  reference:
110
+ - title: H.R.1 - One Big Beautiful Bill Act
111
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
110
112
  - title: 2025 IRS data release
111
113
  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=12
112
114
  - title: 2024 IRS data release
policyengine_us/parameters/gov/irs/income/amt/exemption/amount.yaml CHANGED
@@ -4,6 +4,9 @@ metadata:
4
4
  period: year
5
5
  uprating: gov.irs.uprating
6
6
  reference:
7
+ # OBBB extends TCJA AMT exemption amounts.
8
+ - title: H.R.1 - One Big Beautiful Bill Act
9
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
7
10
  - title: 2025 IRS data release
8
11
  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=10
9
12
  - title: 2024 IRS data release
@@ -40,17 +43,17 @@ HEAD_OF_HOUSEHOLD:
40
43
  2023-01-01: 81_300
41
44
  2024-01-01: 85_700
42
45
  2025-01-01: 88_100
43
- # CBO forecast.
44
- 2026-01-01: 70_600
45
- 2027-01-01: 72_100
46
- 2028-01-01: 73_500
47
- 2029-01-01: 75_000
48
- 2030-01-01: 76_400
49
- 2031-01-01: 78_000
50
- 2032-01-01: 79_500
51
- 2033-01-01: 81_100
52
- 2034-01-01: 82_700
53
- 2035-01-01: 84_300
46
+ # Internal forecast, will update when CBO forecast is released.
47
+ 2026-01-01: 89_400
48
+ 2027-01-01: 91_700
49
+ 2028-01-01: 93_600
50
+ 2029-01-01: 95_400
51
+ 2030-01-01: 97_300
52
+ 2031-01-01: 99_200
53
+ 2032-01-01: 101_200
54
+ 2033-01-01: 103_200
55
+ 2034-01-01: 105_300
56
+ 2035-01-01: 107_300
54
57
  JOINT:
55
58
  values:
56
59
  2013-01-01: 80_800
@@ -66,17 +69,17 @@ JOINT:
66
69
  2023-01-01: 126_500
67
70
  2024-01-01: 133_300
68
71
  2025-01-01: 137_000
69
- # CBO forecast.
70
- 2026-01-01: 109_800
71
- 2027-01-01: 112_100
72
- 2028-01-01: 114_400
73
- 2029-01-01: 116_700
74
- 2030-01-01: 119_000
75
- 2031-01-01: 121_300
76
- 2032-01-01: 123_700
77
- 2033-01-01: 126_200
78
- 2034-01-01: 128_700
79
- 2035-01-01: 131_200
72
+ # Internal forecast, will update when CBO forecast is released.
73
+ 2026-01-01: 139_000
74
+ 2027-01-01: 142_500
75
+ 2028-01-01: 145_500
76
+ 2029-01-01: 148_400
77
+ 2030-01-01: 151_300
78
+ 2031-01-01: 154_300
79
+ 2032-01-01: 157_400
80
+ 2033-01-01: 160_500
81
+ 2034-01-01: 163_700
82
+ 2035-01-01: 166_900
80
83
  SEPARATE:
81
84
  values:
82
85
  2013-01-01: 40_400
@@ -92,17 +95,17 @@ SEPARATE:
92
95
  2023-01-01: 63_250
93
96
  2024-01-01: 66_650
94
97
  2025-01-01: 68_500
95
- # CBO forecast.
96
- 2026-01-01: 54_900
97
- 2027-01-01: 56_050
98
- 2028-01-01: 57_200
99
- 2029-01-01: 58_350
100
- 2030-01-01: 59_500
101
- 2031-01-01: 60_650
102
- 2032-01-01: 61_850
103
- 2033-01-01: 63_100
104
- 2034-01-01: 64_350
105
- 2035-01-01: 65_600
98
+ # Internal forecast, will update when CBO forecast is released.
99
+ 2026-01-01: 69_600
100
+ 2027-01-01: 71_300
101
+ 2028-01-01: 72_700
102
+ 2029-01-01: 74_200
103
+ 2030-01-01: 75_700
104
+ 2031-01-01: 77_200
105
+ 2032-01-01: 78_700
106
+ 2033-01-01: 80_200
107
+ 2034-01-01: 81_800
108
+ 2035-01-01: 83_500
106
109
  SINGLE:
107
110
  values:
108
111
  2013-01-01: 51_900
@@ -118,17 +121,17 @@ SINGLE:
118
121
  2023-01-01: 81_300
119
122
  2024-01-01: 85_700
120
123
  2025-01-01: 88_100
121
- # CBO forecast.
122
- 2026-01-01: 70_600
123
- 2027-01-01: 72_100
124
- 2028-01-01: 73_500
125
- 2029-01-01: 75_000
126
- 2030-01-01: 76_400
127
- 2031-01-01: 78_000
128
- 2032-01-01: 79_500
129
- 2033-01-01: 81_100
130
- 2034-01-01: 82_700
131
- 2035-01-01: 84_300
124
+ # Internal forecast, will update when CBO forecast is released.
125
+ 2026-01-01: 89_400
126
+ 2027-01-01: 91_700
127
+ 2028-01-01: 93_600
128
+ 2029-01-01: 95_400
129
+ 2030-01-01: 97_300
130
+ 2031-01-01: 99_200
131
+ 2032-01-01: 101_200
132
+ 2033-01-01: 103_200
133
+ 2034-01-01: 105_300
134
+ 2035-01-01: 107_300
132
135
  SURVIVING_SPOUSE:
133
136
  values:
134
137
  2013-01-01: 80_800
@@ -144,14 +147,14 @@ SURVIVING_SPOUSE:
144
147
  2023-01-01: 126_500
145
148
  2024-01-01: 133_300
146
149
  2025-01-01: 137_000
147
- # CBO forecast.
148
- 2026-01-01: 109_800
149
- 2027-01-01: 112_100
150
- 2028-01-01: 114_400
151
- 2029-01-01: 116_700
152
- 2030-01-01: 119_000
153
- 2031-01-01: 121_300
154
- 2032-01-01: 123_700
155
- 2033-01-01: 126_200
156
- 2034-01-01: 128_700
157
- 2035-01-01: 131_200
150
+ # Internal forecast, will update when CBO forecast is released.
151
+ 2026-01-01: 139_000
152
+ 2027-01-01: 142_500
153
+ 2028-01-01: 145_500
154
+ 2029-01-01: 148_400
155
+ 2030-01-01: 151_300
156
+ 2031-01-01: 154_300
157
+ 2032-01-01: 157_400
158
+ 2033-01-01: 160_500
159
+ 2034-01-01: 163_700
160
+ 2035-01-01: 166_900
policyengine_us/parameters/gov/irs/income/amt/exemption/phase_out/start.yaml CHANGED
@@ -4,6 +4,9 @@ metadata:
4
4
  period: year
5
5
  uprating: gov.irs.uprating
6
6
  reference:
7
+ # OBBB extends TCJA AMT phase out start, but resets the inflation adjustment.
8
+ - title: H.R.1 - One Big Beautiful Bill Act
9
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
7
10
  - title: 26 U.S. Code § 55 - Alternative minimum tax imposed (d)(2)
8
11
  href: https://www.law.cornell.edu/uscode/text/26/55#d_2
9
12
  # TCJA amendment.
@@ -42,17 +45,17 @@ HEAD_OF_HOUSEHOLD:
42
45
  2023-01-01: 578_150
43
46
  2024-01-01: 609_350
44
47
  2025-01-01: 626_350
45
- # CBO forecast.
46
- 2026-01-01: 156_900
47
- 2027-01-01: 160_200
48
- 2028-01-01: 163_400
49
- 2029-01-01: 166_700
50
- 2030-01-01: 170_000
51
- 2031-01-01: 173_300
52
- 2032-01-01: 176_800
53
- 2033-01-01: 180_300
54
- 2034-01-01: 183_800
55
- 2035-01-01: 187_500
48
+ # Internal forecast, will update when CBO forecast is released.
49
+ 2026-01-01: 500_000
50
+ 2027-01-01: 520_150
51
+ 2028-01-01: 530_950
52
+ 2029-01-01: 541_550
53
+ 2030-01-01: 552_350
54
+ 2031-01-01: 563_250
55
+ 2032-01-01: 574_300
56
+ 2033-01-01: 585_700
57
+ 2034-01-01: 597_350
58
+ 2035-01-01: 609_150
56
59
  JOINT:
57
60
  values:
58
61
  2013-01-01: 153_900
@@ -68,17 +71,17 @@ JOINT:
68
71
  2023-01-01: 1_156_300
69
72
  2024-01-01: 1_218_700
70
73
  2025-01-01: 1_252_700
71
- # CBO forecast.
72
- 2026-01-01: 209_200
73
- 2027-01-01: 213_600
74
- 2028-01-01: 217_900
75
- 2029-01-01: 222_200
76
- 2030-01-01: 226_600
77
- 2031-01-01: 231_100
78
- 2032-01-01: 235_700
79
- 2033-01-01: 240_300
80
- 2034-01-01: 245_100
81
- 2035-01-01: 250_000
74
+ # Internal forecast, will update when CBO forecast is released.
75
+ 2026-01-01: 1_000_000
76
+ 2027-01-01: 1_040_300
77
+ 2028-01-01: 1_061_900
78
+ 2029-01-01: 1_083_100
79
+ 2030-01-01: 1_104_700
80
+ 2031-01-01: 1_126_500
81
+ 2032-01-01: 1_148_600
82
+ 2033-01-01: 1_171_400
83
+ 2034-01-01: 1_194_700
84
+ 2035-01-01: 1_218_300
82
85
  SEPARATE:
83
86
  values:
84
87
  2013-01-01: 76_950
@@ -94,17 +97,17 @@ SEPARATE:
94
97
  2023-01-01: 578_150
95
98
  2024-01-01: 609_350
96
99
  2025-01-01: 626_350
97
- # CBO forecast.
98
- 2026-01-01: 104_600
99
- 2027-01-01: 106_800
100
- 2028-01-01: 108_950
101
- 2029-01-01: 111_100
102
- 2030-01-01: 113_300
103
- 2031-01-01: 115_550
104
- 2032-01-01: 117_850
105
- 2033-01-01: 120_150
106
- 2034-01-01: 122_550
107
- 2035-01-01: 125_000
100
+ # Internal forecast, will update when CBO forecast is released.
101
+ 2026-01-01: 500_000
102
+ 2027-01-01: 520_150
103
+ 2028-01-01: 530_950
104
+ 2029-01-01: 541_550
105
+ 2030-01-01: 552_350
106
+ 2031-01-01: 563_250
107
+ 2032-01-01: 574_300
108
+ 2033-01-01: 585_700
109
+ 2034-01-01: 597_350
110
+ 2035-01-01: 609_150
108
111
  SINGLE:
109
112
  values:
110
113
  2013-01-01: 115_400
@@ -120,17 +123,17 @@ SINGLE:
120
123
  2023-01-01: 578_150
121
124
  2024-01-01: 609_350
122
125
  2025-01-01: 626_350
123
- # CBO forecast.
124
- 2026-01-01: 156_900
125
- 2027-01-01: 160_200
126
- 2028-01-01: 163_400
127
- 2029-01-01: 166_700
128
- 2030-01-01: 170_000
129
- 2031-01-01: 173_300
130
- 2032-01-01: 176_800
131
- 2033-01-01: 180_300
132
- 2034-01-01: 183_800
133
- 2035-01-01: 187_500
126
+ # Internal forecast, will update when CBO forecast is released.
127
+ 2026-01-01: 500_000
128
+ 2027-01-01: 520_150
129
+ 2028-01-01: 530_950
130
+ 2029-01-01: 541_550
131
+ 2030-01-01: 552_350
132
+ 2031-01-01: 563_250
133
+ 2032-01-01: 574_300
134
+ 2033-01-01: 585_700
135
+ 2034-01-01: 597_350
136
+ 2035-01-01: 609_150
134
137
  SURVIVING_SPOUSE:
135
138
  values:
136
139
  2013-01-01: 153_900
@@ -146,13 +149,14 @@ SURVIVING_SPOUSE:
146
149
  2023-01-01: 1_156_300
147
150
  2024-01-01: 1_218_700
148
151
  2025-01-01: 1_252_700
149
- # CBO forecast.
150
- 2026-01-01: 209_000
151
- 2027-01-01: 213_300
152
- 2028-01-01: 217_400
153
- 2029-01-01: 221_700
154
- 2030-01-01: 226_000
155
- 2031-01-01: 230_500
156
- 2032-01-01: 235_100
157
- 2033-01-01: 239_800
158
- 2034-01-01: 244_600
152
+ # Internal forecast, will update when CBO forecast is released.
153
+ 2026-01-01: 1_000_000
154
+ 2027-01-01: 1_040_300
155
+ 2028-01-01: 1_061_900
156
+ 2029-01-01: 1_083_100
157
+ 2030-01-01: 1_104_700
158
+ 2031-01-01: 1_126_500
159
+ 2032-01-01: 1_148_600
160
+ 2033-01-01: 1_171_400
161
+ 2034-01-01: 1_194_700
162
+ 2035-01-01: 1_218_300
policyengine_us/parameters/gov/irs/income/amt/exemption/separate_limit.yaml CHANGED
@@ -3,6 +3,9 @@ metadata:
3
3
  unit: currency-USD
4
4
  uprating: gov.irs.uprating
5
5
  reference:
6
+ # OBBB alters separate limit via changes to the exemption amount and phase out start.
7
+ - title: H.R.1 - One Big Beautiful Bill Act
8
+ href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
6
9
  - title: 2025 IRS data release
7
10
  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=11
8
11
  - title: 2024 IRS data release
@@ -29,4 +32,14 @@ values:
29
32
  2023-01-01: 831_150
30
33
  2024-01-01: 875_950
31
34
  2025-01-01: 900_350
32
- 2026-01-01: 288_949
35
+ # Internal forecast, will update when CBO forecast is released.
36
+ 2026-01-01: 639_200
37
+ 2027-01-01: 662_750
38
+ 2028-01-01: 676_350
39
+ 2029-01-01: 689_950
40
+ 2030-01-01: 703_750
41
+ 2031-01-01: 717_650
42
+ 2032-01-01: 731_700
43
+ 2033-01-01: 746_100
44
+ 2034-01-01: 760_950
45
+ 2035-01-01: 776_150