policyengine-us 1.424.5__py3-none-any.whl → 1.425.3__py3-none-any.whl

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Files changed (45) hide show
  1. policyengine_us/parameters/gov/bls/cpi/c_cpi_u.yaml +23 -6
  2. policyengine_us/parameters/gov/bls/cpi/cpi_u.yaml +21 -18
  3. policyengine_us/parameters/gov/bls/cpi/cpi_w.yaml +25 -22
  4. policyengine_us/parameters/gov/contrib/harris/capital_gains/rates.yaml +12 -0
  5. policyengine_us/parameters/gov/contrib/harris/capital_gains/thresholds.yaml +168 -0
  6. policyengine_us/parameters/gov/irs/ald/student_loan_interest/reduction/start.yaml +7 -1
  7. policyengine_us/parameters/gov/irs/capital_gains/rates.yaml +17 -0
  8. policyengine_us/parameters/gov/irs/capital_gains/thresholds.yaml +182 -0
  9. policyengine_us/parameters/gov/irs/credits/ctc/amount/base.yaml +14 -9
  10. policyengine_us/parameters/gov/irs/credits/ctc/refundable/individual_max.yaml +14 -7
  11. policyengine_us/parameters/gov/irs/credits/eitc/max.yaml +73 -81
  12. policyengine_us/parameters/gov/irs/deductions/qbi/phase_out/start.yaml +19 -7
  13. policyengine_us/parameters/gov/irs/deductions/standard/aged_or_blind/amount.yaml +10 -52
  14. policyengine_us/parameters/gov/irs/deductions/standard/amount.yaml +16 -59
  15. policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/catch_up/limit/401k.yaml +8 -1
  16. policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/catch_up/limit/ira.yaml +7 -0
  17. policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/limit/401k.yaml +6 -0
  18. policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/limit/ira.yaml +5 -0
  19. policyengine_us/parameters/gov/irs/income/amt/exemption/amount.yaml +15 -59
  20. policyengine_us/parameters/gov/irs/income/amt/exemption/phase_out/start.yaml +11 -60
  21. policyengine_us/parameters/gov/irs/income/bracket.yaml +114 -213
  22. policyengine_us/reforms/additional_tax_bracket/additional_tax_bracket_reform.py +10 -7
  23. policyengine_us/reforms/biden/budget_2025/capital_gains_tax_increase.py +5 -7
  24. policyengine_us/reforms/ctc/ctc_per_child_phase_out.py +30 -8
  25. policyengine_us/reforms/harris/capital_gains/harris_capital_gains.py +7 -7
  26. policyengine_us/tests/policy/baseline/gov/states/ks/tax/income/ks_fstc.yaml +4 -4
  27. policyengine_us/tests/policy/baseline/gov/states/ks/tax/income/ks_integration.yaml +48 -0
  28. policyengine_us/tests/policy/contrib/additional_tax_bracket/additional_tax_bracket_reform.yaml +4 -4
  29. policyengine_us/tests/policy/contrib/congress/tlaib/income_security/state_integration.yaml +5 -10
  30. policyengine_us/tests/policy/contrib/congress/tlaib/income_security/unit_tests.yaml +1 -1
  31. policyengine_us/tests/policy/contrib/crfb/senior_deduction_extension.yaml +2 -2
  32. policyengine_us/tests/policy/contrib/ctc/integration.yaml +6 -6
  33. policyengine_us/variables/gov/irs/tax/federal_income/alternative_minimum_tax/amt_tax_including_cg.py +5 -9
  34. policyengine_us/variables/gov/irs/tax/federal_income/alternative_minimum_tax/regular_tax_before_credits.py +12 -13
  35. policyengine_us/variables/gov/irs/tax/federal_income/capital_gains/capital_gains_excluded_from_taxable_income.py +2 -2
  36. policyengine_us/variables/gov/irs/tax/federal_income/capital_gains/capital_gains_tax.py +5 -5
  37. policyengine_us/variables/gov/irs/tax/federal_income/capital_gains/dwks19.py +2 -2
  38. policyengine_us/variables/gov/states/ks/tax/income/credits/ks_fstc.py +1 -1
  39. {policyengine_us-1.424.5.dist-info → policyengine_us-1.425.3.dist-info}/METADATA +1 -1
  40. {policyengine_us-1.424.5.dist-info → policyengine_us-1.425.3.dist-info}/RECORD +43 -41
  41. policyengine_us/parameters/gov/contrib/harris/capital_gains/brackets.yaml +0 -194
  42. policyengine_us/parameters/gov/irs/capital_gains/brackets.yaml +0 -188
  43. {policyengine_us-1.424.5.dist-info → policyengine_us-1.425.3.dist-info}/WHEEL +0 -0
  44. {policyengine_us-1.424.5.dist-info → policyengine_us-1.425.3.dist-info}/entry_points.txt +0 -0
  45. {policyengine_us-1.424.5.dist-info → policyengine_us-1.425.3.dist-info}/licenses/LICENSE +0 -0
policyengine_us/parameters/gov/irs/income/bracket.yaml CHANGED
@@ -37,9 +37,10 @@ thresholds:
37
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  period: year
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  propagate_metadata_to_children: true
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  reference:
40
- - title: H.R.1 - One Big Beautiful Bill Act
41
- href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
42
- # OBBB extended TCJA tax rates and bracket, while freezing bottom two bracket thresholds at 2025 values.
40
+ - title: 26 U.S. Code § 1(j) - Tax rate tables
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+ href: https://www.law.cornell.edu/uscode/text/26/1#j
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+ - title: 2026 IRS data release
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+ href: https://www.irs.gov/pub/irs-drop/rp-25-32.pdf#page=10
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  - title: 2025 IRS data release
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  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=5
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  - title: 2024 IRS data release
@@ -71,6 +72,13 @@ thresholds:
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  2023-01-01: 11_000
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  2024-01-01: 11_600
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  2025-01-01: 11_925
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+ 2026-01-01: 12_400
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+ metadata:
77
+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 25
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  JOINT:
75
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  values:
76
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  2018-01-01: 19_050
@@ -81,6 +89,13 @@ thresholds:
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  2023-01-01: 22_000
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  2024-01-01: 23_200
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  2025-01-01: 23_850
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+ 2026-01-01: 24_800
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 50
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  SEPARATE:
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  values:
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  2018-01-01: 9_525
@@ -91,6 +106,13 @@ thresholds:
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  2023-01-01: 11_000
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  2024-01-01: 11_600
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  2025-01-01: 11_925
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+ 2026-01-01: 12_400
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 25
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  HEAD_OF_HOUSEHOLD:
95
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  values:
96
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  2018-01-01: 13_600
@@ -101,6 +123,13 @@ thresholds:
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  2023-01-01: 15_700
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  2024-01-01: 16_550
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  2025-01-01: 17_000
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+ 2026-01-01: 17_700
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 50
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  SURVIVING_SPOUSE:
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  values:
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  2018-01-01: 19_050
@@ -111,6 +140,13 @@ thresholds:
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  2023-01-01: 22_000
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  2024-01-01: 23_200
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  2025-01-01: 23_850
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+ 2026-01-01: 24_800
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+ metadata:
145
+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 50
114
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  2:
115
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  SINGLE:
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  values:
@@ -122,6 +158,13 @@ thresholds:
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  2023-01-01: 44_725
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  2024-01-01: 47_150
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  2025-01-01: 48_475
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+ 2026-01-01: 50_400
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 25
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  JOINT:
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  values:
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  2018-01-01: 77_400
@@ -132,6 +175,13 @@ thresholds:
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  2023-01-01: 89_450
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  2024-01-01: 94_300
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  2025-01-01: 96_950
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+ 2026-01-01: 100_800
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 50
135
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  SEPARATE:
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  values:
137
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  2018-01-01: 38_700
@@ -142,6 +192,13 @@ thresholds:
142
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  2023-01-01: 44_725
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  2024-01-01: 47_150
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  2025-01-01: 48_475
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+ 2026-01-01: 50_400
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 25
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  HEAD_OF_HOUSEHOLD:
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  values:
147
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  2018-01-01: 51_800
@@ -152,6 +209,13 @@ thresholds:
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  2023-01-01: 59_850
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  2024-01-01: 63_100
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  2025-01-01: 64_850
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+ 2026-01-01: 67_450
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
217
+ type: downwards
218
+ interval: 50
155
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  SURVIVING_SPOUSE:
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  values:
157
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  2018-01-01: 77_400
@@ -162,6 +226,13 @@ thresholds:
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  2023-01-01: 89_450
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  2024-01-01: 94_300
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  2025-01-01: 96_950
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+ 2026-01-01: 100_800
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+ metadata:
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+ uprating:
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+ parameter: gov.irs.uprating
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+ rounding:
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+ type: downwards
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+ interval: 50
165
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  3:
166
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  SINGLE:
167
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  values:
@@ -173,22 +244,12 @@ thresholds:
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  2023-01-01: 95_375
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  2024-01-01: 100_525
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  2025-01-01: 103_350
176
- # Internal forecast, will update when CBO forecast is released.
177
- 2026-01-01: 104_900
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- 2027-01-01: 107_500
179
- 2028-01-01: 109_700
180
- 2029-01-01: 111_900
181
- 2030-01-01: 114_150
182
- 2031-01-01: 116_400
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- 2032-01-01: 118_700
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- 2033-01-01: 121_050
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- 2034-01-01: 123_450
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- 2035-01-01: 125_900
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+ 2026-01-01: 105_700
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  metadata:
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  uprating:
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  parameter: gov.irs.uprating
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  rounding:
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- type: nearest
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+ type: downwards
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  interval: 25
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  JOINT:
194
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  values:
@@ -200,22 +261,12 @@ thresholds:
200
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  2023-01-01: 190_750
201
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  2024-01-01: 201_050
202
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  2025-01-01: 206_700
203
- # Internal forecast, will update when CBO forecast is released.
204
- 2026-01-01: 208_300
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- 2027-01-01: 213_400
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- 2028-01-01: 217_850
207
- 2029-01-01: 222_200
208
- 2030-01-01: 226_650
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- 2031-01-01: 231_100
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- 2032-01-01: 235_650
211
- 2033-01-01: 240_300
212
- 2034-01-01: 245_100
213
- 2035-01-01: 249_950
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+ 2026-01-01: 211_400
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  metadata:
215
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  uprating:
216
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  parameter: gov.irs.uprating
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  rounding:
218
- type: nearest
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+ type: downwards
219
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  interval: 50
220
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  SEPARATE:
221
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  values:
@@ -227,22 +278,12 @@ thresholds:
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  2023-01-01: 95_375
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  2024-01-01: 100_525
229
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  2025-01-01: 103_350
230
- # Internal forecast, will update when CBO forecast is released.
231
- 2026-01-01: 104_900
232
- 2027-01-01: 107_500
233
- 2028-01-01: 109_700
234
- 2029-01-01: 111_900
235
- 2030-01-01: 114_150
236
- 2031-01-01: 116_400
237
- 2032-01-01: 118_700
238
- 2033-01-01: 121_050
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- 2034-01-01: 123_450
240
- 2035-01-01: 125_900
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+ 2026-01-01: 105_700
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  metadata:
242
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  uprating:
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  parameter: gov.irs.uprating
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  rounding:
245
- type: nearest
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+ type: downwards
246
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  interval: 25
247
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  HEAD_OF_HOUSEHOLD:
248
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  values:
@@ -254,22 +295,12 @@ thresholds:
254
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  2023-01-01: 95_350
255
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  2024-01-01: 100_500
256
297
  2025-01-01: 103_350
257
- # Internal forecast, will update when CBO forecast is released.
258
- 2026-01-01: 104_900
259
- 2027-01-01: 107_500
260
- 2028-01-01: 109_700
261
- 2029-01-01: 111_900
262
- 2030-01-01: 114_150
263
- 2031-01-01: 116_400
264
- 2032-01-01: 118_700
265
- 2033-01-01: 121_050
266
- 2034-01-01: 123_450
267
- 2035-01-01: 125_900
298
+ 2026-01-01: 105_700
268
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  metadata:
269
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  uprating:
270
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  parameter: gov.irs.uprating
271
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  rounding:
272
- type: nearest
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+ type: downwards
273
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  interval: 50
274
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  SURVIVING_SPOUSE:
275
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  values:
@@ -281,22 +312,12 @@ thresholds:
281
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  2023-01-01: 190_750
282
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  2024-01-01: 201_050
283
314
  2025-01-01: 206_700
284
- # Internal forecast, will update when CBO forecast is released.
285
- 2026-01-01: 208_300
286
- 2027-01-01: 213_400
287
- 2028-01-01: 217_850
288
- 2029-01-01: 222_200
289
- 2030-01-01: 226_650
290
- 2031-01-01: 231_100
291
- 2032-01-01: 235_650
292
- 2033-01-01: 240_300
293
- 2034-01-01: 245_100
294
- 2035-01-01: 249_950
315
+ 2026-01-01: 211_400
295
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  metadata:
296
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  uprating:
297
318
  parameter: gov.irs.uprating
298
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  rounding:
299
- type: nearest
320
+ type: downwards
300
321
  interval: 50
301
322
  4:
302
323
  SINGLE:
@@ -309,22 +330,12 @@ thresholds:
309
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  2023-01-01: 182_100
310
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  2024-01-01: 191_950
311
332
  2025-01-01: 197_300
312
- # Internal forecast, will update when CBO forecast is released.
313
- 2026-01-01: 198_800
314
- 2027-01-01: 203_700
315
- 2028-01-01: 207_950
316
- 2029-01-01: 212_100
317
- 2030-01-01: 216_350
318
- 2031-01-01: 220_600
319
- 2032-01-01: 224_950
320
- 2033-01-01: 229_400
321
- 2034-01-01: 233_950
322
- 2035-01-01: 238_550
333
+ 2026-01-01: 201_775
323
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  metadata:
324
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  uprating:
325
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  parameter: gov.irs.uprating
326
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  rounding:
327
- type: nearest
338
+ type: downwards
328
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  interval: 25
329
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  JOINT:
330
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  values:
@@ -336,22 +347,12 @@ thresholds:
336
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  2023-01-01: 364_200
337
348
  2024-01-01: 383_900
338
349
  2025-01-01: 394_600
339
- # Internal forecast, will update when CBO forecast is released.
340
- 2026-01-01: 397_650
341
- 2027-01-01: 407_450
342
- 2028-01-01: 415_900
343
- 2029-01-01: 424_250
344
- 2030-01-01: 432_700
345
- 2031-01-01: 441_250
346
- 2032-01-01: 449_900
347
- 2033-01-01: 458_800
348
- 2034-01-01: 467_950
349
- 2035-01-01: 477_150
350
+ 2026-01-01: 403_550
350
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  metadata:
351
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  uprating:
352
353
  parameter: gov.irs.uprating
353
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  rounding:
354
- type: nearest
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+ type: downwards
355
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  interval: 50
356
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  SEPARATE:
357
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  values:
@@ -363,8 +364,8 @@ thresholds:
363
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  2023-01-01: 182_100
364
365
  2024-01-01: 191_950
365
366
  2025-01-01: 197_300
367
+ 2026-01-01: 201_775
366
368
  # Internal forecast, will update when CBO forecast is released.
367
- 2026-01-01: 198_800
368
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  2027-01-01: 203_700
369
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  2028-01-01: 207_950
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  2029-01-01: 212_100
@@ -378,7 +379,7 @@ thresholds:
378
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  uprating:
379
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  parameter: gov.irs.uprating
380
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  rounding:
381
- type: nearest
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+ type: downwards
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  interval: 25
383
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  HEAD_OF_HOUSEHOLD:
384
385
  values:
@@ -390,22 +391,12 @@ thresholds:
390
391
  2023-01-01: 182_100
391
392
  2024-01-01: 191_950
392
393
  2025-01-01: 197_300
393
- # Internal forecast, will update when CBO forecast is released.
394
- 2026-01-01: 198_800
395
- 2027-01-01: 203_700
396
- 2028-01-01: 207_950
397
- 2029-01-01: 212_100
398
- 2030-01-01: 216_350
399
- 2031-01-01: 220_600
400
- 2032-01-01: 224_950
401
- 2033-01-01: 229_400
402
- 2034-01-01: 233_950
403
- 2035-01-01: 238_550
394
+ 2026-01-01: 201_750
404
395
  metadata:
405
396
  uprating:
406
397
  parameter: gov.irs.uprating
407
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  rounding:
408
- type: nearest
399
+ type: downwards
409
400
  interval: 50
410
401
  SURVIVING_SPOUSE:
411
402
  values:
@@ -417,22 +408,12 @@ thresholds:
417
408
  2023-01-01: 364_200
418
409
  2024-01-01: 383_900
419
410
  2025-01-01: 394_600
420
- # Internal forecast, will update when CBO forecast is released.
421
- 2026-01-01: 397_650
422
- 2027-01-01: 407_450
423
- 2028-01-01: 415_900
424
- 2029-01-01: 424_250
425
- 2030-01-01: 432_700
426
- 2031-01-01: 441_250
427
- 2032-01-01: 449_900
428
- 2033-01-01: 458_800
429
- 2034-01-01: 467_950
430
- 2035-01-01: 477_150
411
+ 2026-01-01: 403_550
431
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  metadata:
432
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  uprating:
433
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  parameter: gov.irs.uprating
434
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  rounding:
435
- type: nearest
416
+ type: downwards
436
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  interval: 50
437
418
  5:
438
419
  SINGLE:
@@ -445,22 +426,12 @@ thresholds:
445
426
  2023-01-01: 231_250
446
427
  2024-01-01: 243_725
447
428
  2025-01-01: 250_525
448
- # Internal forecast, will update when CBO forecast is released.
449
- 2026-01-01: 256_450
450
- 2027-01-01: 262_800
451
- 2028-01-01: 268_250
452
- 2029-01-01: 273_600
453
- 2030-01-01: 279_050
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- 2031-01-01: 284_550
455
- 2032-01-01: 290_150
456
- 2033-01-01: 295_900
457
- 2034-01-01: 301_750
458
- 2035-01-01: 307_750
429
+ 2026-01-01: 256_225
459
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  metadata:
460
431
  uprating:
461
432
  parameter: gov.irs.uprating
462
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  rounding:
463
- type: nearest
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+ type: downwards
464
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  interval: 25
465
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  JOINT:
466
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  values:
@@ -472,22 +443,12 @@ thresholds:
472
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  2023-01-01: 462_500
473
444
  2024-01-01: 487_450
474
445
  2025-01-01: 501_050
475
- # Internal forecast, will update when CBO forecast is released.
476
- 2026-01-01: 512_950
477
- 2027-01-01: 525_600
478
- 2028-01-01: 536_500
479
- 2029-01-01: 547_200
480
- 2030-01-01: 558_100
481
- 2031-01-01: 569_150
482
- 2032-01-01: 580_350
483
- 2033-01-01: 591_800
484
- 2034-01-01: 603_550
485
- 2035-01-01: 615_500
446
+ 2026-01-01: 512_450
486
447
  metadata:
487
448
  uprating:
488
449
  parameter: gov.irs.uprating
489
450
  rounding:
490
- type: nearest
451
+ type: downwards
491
452
  interval: 50
492
453
  SEPARATE:
493
454
  values:
@@ -499,8 +460,8 @@ thresholds:
499
460
  2023-01-01: 231_250
500
461
  2024-01-01: 243_725
501
462
  2025-01-01: 250_525
463
+ 2026-01-01: 256_225
502
464
  # Internal forecast, will update when CBO forecast is released.
503
- 2026-01-01: 256_450
504
465
  2027-01-01: 262_800
505
466
  2028-01-01: 268_250
506
467
  2029-01-01: 273_600
@@ -514,7 +475,7 @@ thresholds:
514
475
  uprating:
515
476
  parameter: gov.irs.uprating
516
477
  rounding:
517
- type: nearest
478
+ type: downwards
518
479
  interval: 25
519
480
  HEAD_OF_HOUSEHOLD:
520
481
  values:
@@ -526,8 +487,8 @@ thresholds:
526
487
  2023-01-01: 231_250
527
488
  2024-01-01: 243_700
528
489
  2025-01-01: 250_500
490
+ 2026-01-01: 256_200
529
491
  # Internal forecast, will update when CBO forecast is released.
530
- 2026-01-01: 256_450
531
492
  2027-01-01: 262_800
532
493
  2028-01-01: 268_250
533
494
  2029-01-01: 273_600
@@ -541,7 +502,7 @@ thresholds:
541
502
  uprating:
542
503
  parameter: gov.irs.uprating
543
504
  rounding:
544
- type: nearest
505
+ type: downwards
545
506
  interval: 50
546
507
  SURVIVING_SPOUSE:
547
508
  values:
@@ -553,22 +514,12 @@ thresholds:
553
514
  2023-01-01: 462_500
554
515
  2024-01-01: 487_450
555
516
  2025-01-01: 501_050
556
- # Internal forecast, will update when CBO forecast is released.
557
- 2026-01-01: 512_950
558
- 2027-01-01: 525_600
559
- 2028-01-01: 536_500
560
- 2029-01-01: 547_200
561
- 2030-01-01: 558_100
562
- 2031-01-01: 569_150
563
- 2032-01-01: 580_350
564
- 2033-01-01: 591_800
565
- 2034-01-01: 603_550
566
- 2035-01-01: 615_500
517
+ 2026-01-01: 512_450
567
518
  metadata:
568
519
  uprating:
569
520
  parameter: gov.irs.uprating
570
521
  rounding:
571
- type: nearest
522
+ type: downwards
572
523
  interval: 50
573
524
  6:
574
525
  SINGLE:
@@ -581,22 +532,12 @@ thresholds:
581
532
  2023-01-01: 578_125
582
533
  2024-01-01: 609_350
583
534
  2025-01-01: 626_350
584
- # Internal forecast, will update when CBO forecast is released.
585
- 2026-01-01: 643_950
586
- 2027-01-01: 659_800
587
- 2028-01-01: 673_500
588
- 2029-01-01: 687_000
589
- 2030-01-01: 700_650
590
- 2031-01-01: 714_500
591
- 2032-01-01: 728_550
592
- 2033-01-01: 742_950
593
- 2034-01-01: 757_750
594
- 2035-01-01: 772_700
535
+ 2026-01-01: 640_600
595
536
  metadata:
596
537
  uprating:
597
538
  parameter: gov.irs.uprating
598
539
  rounding:
599
- type: nearest
540
+ type: downwards
600
541
  interval: 25
601
542
  JOINT:
602
543
  values:
@@ -608,22 +549,12 @@ thresholds:
608
549
  2023-01-01: 693_750
609
550
  2024-01-01: 731_200
610
551
  2025-01-01: 751_600
611
- # Internal forecast, will update when CBO forecast is released.
612
- 2026-01-01: 772_750
613
- 2027-01-01: 791_800
614
- 2028-01-01: 808_200
615
- 2029-01-01: 824_400
616
- 2030-01-01: 840_800
617
- 2031-01-01: 857_400
618
- 2032-01-01: 874_250
619
- 2033-01-01: 891_550
620
- 2034-01-01: 909_300
621
- 2035-01-01: 927_250
552
+ 2026-01-01: 768_700
622
553
  metadata:
623
554
  uprating:
624
555
  parameter: gov.irs.uprating
625
556
  rounding:
626
- type: nearest
557
+ type: downwards
627
558
  interval: 50
628
559
  SEPARATE:
629
560
  values:
@@ -635,22 +566,12 @@ thresholds:
635
566
  2023-01-01: 346_875
636
567
  2024-01-01: 365_600
637
568
  2025-01-01: 375_800
638
- # Internal forecast, will update when CBO forecast is released.
639
- 2026-01-01: 386_350
640
- 2027-01-01: 395_900
641
- 2028-01-01: 404_100
642
- 2029-01-01: 412_200
643
- 2030-01-01: 420_400
644
- 2031-01-01: 428_700
645
- 2032-01-01: 437_100
646
- 2033-01-01: 445_750
647
- 2034-01-01: 454_650
648
- 2035-01-01: 463_600
569
+ 2026-01-01: 384_350
649
570
  metadata:
650
571
  uprating:
651
572
  parameter: gov.irs.uprating
652
573
  rounding:
653
- type: nearest
574
+ type: downwards
654
575
  interval: 25
655
576
  HEAD_OF_HOUSEHOLD:
656
577
  values:
@@ -662,22 +583,12 @@ thresholds:
662
583
  2023-01-01: 578_100
663
584
  2024-01-01: 609_350
664
585
  2025-01-01: 626_350
665
- # Internal forecast, will update when CBO forecast is released.
666
- 2026-01-01: 643_950
667
- 2027-01-01: 659_800
668
- 2028-01-01: 673_500
669
- 2029-01-01: 687_000
670
- 2030-01-01: 700_650
671
- 2031-01-01: 714_500
672
- 2032-01-01: 728_550
673
- 2033-01-01: 742_950
674
- 2034-01-01: 757_750
675
- 2035-01-01: 772_700
586
+ 2026-01-01: 640_600
676
587
  metadata:
677
588
  uprating:
678
589
  parameter: gov.irs.uprating
679
590
  rounding:
680
- type: nearest
591
+ type: downwards
681
592
  interval: 50
682
593
  SURVIVING_SPOUSE:
683
594
  values:
@@ -689,22 +600,12 @@ thresholds:
689
600
  2023-01-01: 693_750
690
601
  2024-01-01: 731_200
691
602
  2025-01-01: 751_600
692
- # Internal forecast, will update when CBO forecast is released.
693
- 2026-01-01: 772_750
694
- 2027-01-01: 791_800
695
- 2028-01-01: 808_200
696
- 2029-01-01: 824_400
697
- 2030-01-01: 840_800
698
- 2031-01-01: 857_400
699
- 2032-01-01: 874_250
700
- 2033-01-01: 891_550
701
- 2034-01-01: 909_300
702
- 2035-01-01: 927_250
603
+ 2026-01-01: 768_700
703
604
  metadata:
704
605
  uprating:
705
606
  parameter: gov.irs.uprating
706
607
  rounding:
707
- type: nearest
608
+ type: downwards
708
609
  interval: 50
709
610
  7:
710
611
  SINGLE:
policyengine_us/reforms/additional_tax_bracket/additional_tax_bracket_reform.py CHANGED
@@ -13,29 +13,32 @@ def create_additional_tax_bracket() -> Reform:
13
13
  unit = USD
14
14
 
15
15
  def formula(tax_unit, period, parameters):
16
+ p = parameters(period).gov.irs
16
17
  filing_status = tax_unit("filing_status", period)
17
18
  dwks1 = tax_unit("taxable_income", period)
18
19
 
19
- capital_gains = parameters(period).gov.irs.capital_gains.brackets
20
-
21
- dwks16 = min_(capital_gains.thresholds["1"][filing_status], dwks1)
20
+ dwks16 = min_(
21
+ p.capital_gains.thresholds["1"][filing_status], dwks1
22
+ )
22
23
  dwks17 = min_(tax_unit("dwks14", period), dwks16)
23
24
  dwks20 = dwks16 - dwks17
24
- lowest_rate_tax = capital_gains.rates["1"] * dwks20
25
+ lowest_rate_tax = p.capital_gains.rates["1"] * dwks20
25
26
  # Break in worksheet lines
26
27
  dwks13 = tax_unit("dwks13", period)
27
28
  dwks21 = min_(dwks1, dwks13)
28
29
  dwks22 = dwks20
29
30
  dwks23 = max_(0, dwks21 - dwks22)
30
- dwks25 = min_(capital_gains.thresholds["2"][filing_status], dwks1)
31
+ dwks25 = min_(
32
+ p.capital_gains.thresholds["2"][filing_status], dwks1
33
+ )
31
34
  dwks19 = tax_unit("dwks19", period)
32
35
  dwks26 = min_(dwks19, dwks20)
33
36
  dwks27 = max_(0, dwks25 - dwks26)
34
37
  dwks28 = min_(dwks23, dwks27)
35
- dwks29 = capital_gains.rates["2"] * dwks28
38
+ dwks29 = p.capital_gains.rates["2"] * dwks28
36
39
  dwks30 = dwks22 + dwks28
37
40
  dwks31 = dwks21 - dwks30
38
- dwks32 = capital_gains.rates["3"] * dwks31
41
+ dwks32 = p.capital_gains.rates["3"] * dwks31
39
42
  # Break in worksheet lines
40
43
  dwks33 = min_(
41
44
  tax_unit("dwks09", period),
policyengine_us/reforms/biden/budget_2025/capital_gains_tax_increase.py CHANGED
@@ -27,8 +27,8 @@ def create_capital_gains_tax_increase() -> Reform:
27
27
 
28
28
  filing_status = tax_unit("filing_status", period)
29
29
 
30
- first_threshold = cg.brackets.thresholds["1"][filing_status]
31
- second_threshold = cg.brackets.thresholds["2"][filing_status]
30
+ first_threshold = cg.thresholds["1"][filing_status]
31
+ second_threshold = cg.thresholds["2"][filing_status]
32
32
 
33
33
  income_ordinarily_under_second_rate = clip(
34
34
  taxable_income, 0, first_threshold
@@ -92,11 +92,9 @@ def create_capital_gains_tax_increase() -> Reform:
92
92
  )
93
93
 
94
94
  main_cg_tax = (
95
- cg_in_first_bracket_below_top_bracket * cg.brackets.rates["1"]
96
- + cg_in_second_bracket_below_top_bracket
97
- * cg.brackets.rates["2"]
98
- + cg_in_third_bracket_below_top_bracket
99
- * cg.brackets.rates["3"]
95
+ cg_in_first_bracket_below_top_bracket * cg.rates["1"]
96
+ + cg_in_second_bracket_below_top_bracket * cg.rates["2"]
97
+ + cg_in_third_bracket_below_top_bracket * cg.rates["3"]
100
98
  + new_cg_tax
101
99
  )
102
100