policyengine-us 1.424.6__py3-none-any.whl → 1.425.3__py3-none-any.whl

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Files changed (42) 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/contrib/additional_tax_bracket/additional_tax_bracket_reform.yaml +4 -4
  27. policyengine_us/tests/policy/contrib/congress/tlaib/income_security/state_integration.yaml +5 -10
  28. policyengine_us/tests/policy/contrib/congress/tlaib/income_security/unit_tests.yaml +1 -1
  29. policyengine_us/tests/policy/contrib/crfb/senior_deduction_extension.yaml +2 -2
  30. policyengine_us/tests/policy/contrib/ctc/integration.yaml +6 -6
  31. policyengine_us/variables/gov/irs/tax/federal_income/alternative_minimum_tax/amt_tax_including_cg.py +5 -9
  32. policyengine_us/variables/gov/irs/tax/federal_income/alternative_minimum_tax/regular_tax_before_credits.py +12 -13
  33. policyengine_us/variables/gov/irs/tax/federal_income/capital_gains/capital_gains_excluded_from_taxable_income.py +2 -2
  34. policyengine_us/variables/gov/irs/tax/federal_income/capital_gains/capital_gains_tax.py +5 -5
  35. policyengine_us/variables/gov/irs/tax/federal_income/capital_gains/dwks19.py +2 -2
  36. {policyengine_us-1.424.6.dist-info → policyengine_us-1.425.3.dist-info}/METADATA +1 -1
  37. {policyengine_us-1.424.6.dist-info → policyengine_us-1.425.3.dist-info}/RECORD +40 -38
  38. policyengine_us/parameters/gov/contrib/harris/capital_gains/brackets.yaml +0 -194
  39. policyengine_us/parameters/gov/irs/capital_gains/brackets.yaml +0 -188
  40. {policyengine_us-1.424.6.dist-info → policyengine_us-1.425.3.dist-info}/WHEEL +0 -0
  41. {policyengine_us-1.424.6.dist-info → policyengine_us-1.425.3.dist-info}/entry_points.txt +0 -0
  42. {policyengine_us-1.424.6.dist-info → policyengine_us-1.425.3.dist-info}/licenses/LICENSE +0 -0
policyengine_us/parameters/gov/irs/credits/eitc/max.yaml CHANGED
@@ -4,102 +4,94 @@ brackets:
4
4
  - threshold:
5
5
  0000-01-01: 0
6
6
  amount:
7
- 2017-01-01: 510
8
- 2018-01-01: 519
9
- 2019-01-01: 529
10
- 2020-01-01: 538
11
- 2021-01-01: 1_502
12
- 2022-01-01: 560
13
- 2023-01-01: 600
14
- 2024-01-01: 632
15
- 2025-01-01: 649
16
- # CBO forecast.
17
- 2026-01-01: 662
18
- 2027-01-01: 677
19
- 2028-01-01: 691
20
- 2029-01-01: 704
21
- 2030-01-01: 718
22
- 2031-01-01: 732
23
- 2032-01-01: 747
24
- 2033-01-01: 762
25
- 2034-01-01: 776
26
- 2035-01-01: 792
7
+ values:
8
+ 2017-01-01: 510
9
+ 2018-01-01: 519
10
+ 2019-01-01: 529
11
+ 2020-01-01: 538
12
+ 2021-01-01: 1_502
13
+ 2022-01-01: 560
14
+ 2023-01-01: 600
15
+ 2024-01-01: 632
16
+ 2025-01-01: 649
17
+ 2026-01-01: 664
18
+ metadata:
19
+ uprating:
20
+ parameter: gov.irs.uprating
21
+ rounding:
22
+ type: nearest
23
+ interval: 1
27
24
  - threshold:
28
25
  0000-01-01: 1
29
26
  amount:
30
- 2017-01-01: 3_400
31
- 2018-01-01: 3_461
32
- 2019-01-01: 3_526
33
- 2020-01-01: 3_584
34
- 2021-01-01: 3_618
35
- 2022-01-01: 3_733
36
- 2023-01-01: 3_995
37
- 2024-01-01: 4_213
38
- 2025-01-01: 4_328
39
- # CBO forecast.
40
- 2026-01-01: 4_420
41
- 2027-01-01: 4_512
42
- 2028-01-01: 4_604
43
- 2029-01-01: 4_695
44
- 2030-01-01: 4_787
45
- 2031-01-01: 4_882
46
- 2032-01-01: 4_978
47
- 2033-01-01: 5_072
48
- 2034-01-01: 5_178
49
- 2035-01-01: 5_280
27
+ values:
28
+ 2017-01-01: 3_400
29
+ 2018-01-01: 3_461
30
+ 2019-01-01: 3_526
31
+ 2020-01-01: 3_584
32
+ 2021-01-01: 3_618
33
+ 2022-01-01: 3_733
34
+ 2023-01-01: 3_995
35
+ 2024-01-01: 4_213
36
+ 2025-01-01: 4_328
37
+ 2026-01-01: 4_427
38
+ metadata:
39
+ uprating:
40
+ parameter: gov.irs.uprating
41
+ rounding:
42
+ type: nearest
43
+ interval: 1
50
44
  - threshold:
51
45
  0000-01-01: 2
52
46
  amount:
53
- 2017-01-01: 5_616
54
- 2018-01-01: 5_716
55
- 2019-01-01: 5_828
56
- 2020-01-01: 5_920
57
- 2021-01-01: 5_980
58
- 2022-01-01: 6_164
59
- 2023-01-01: 6_604
60
- 2024-01-01: 6_960
61
- 2025-01-01: 7_152
62
- # CBO forecast.
63
- 2026-01-01: 7_300
64
- 2027-01-01: 7_456
65
- 2028-01-01: 7_608
66
- 2029-01-01: 7_756
67
- 2030-01-01: 7_908
68
- 2031-01-01: 8_068
69
- 2032-01-01: 8_224
70
- 2033-01-01: 8_388
71
- 2034-01-01: 8_556
72
- 2035-01-01: 8_724
47
+ values:
48
+ 2017-01-01: 5_616
49
+ 2018-01-01: 5_716
50
+ 2019-01-01: 5_828
51
+ 2020-01-01: 5_920
52
+ 2021-01-01: 5_980
53
+ 2022-01-01: 6_164
54
+ 2023-01-01: 6_604
55
+ 2024-01-01: 6_960
56
+ 2025-01-01: 7_152
57
+ 2026-01-01: 7_316
58
+ metadata:
59
+ uprating:
60
+ parameter: gov.irs.uprating
61
+ rounding:
62
+ type: nearest
63
+ interval: 1
73
64
  - threshold:
74
65
  0000-01-01: 3
75
66
  amount:
76
- 2017-01-01: 6_318
77
- 2018-01-01: 6_431
78
- 2019-01-01: 6_557
79
- 2020-01-01: 6_660
80
- 2021-01-01: 6_728
81
- 2022-01-01: 6_935
82
- 2023-01-01: 7_430
83
- 2024-01-01: 7_830
84
- 2025-01-01: 8_046
85
- # CBO forecast.
86
- 2026-01-01: 8_212
87
- 2027-01-01: 8_388
88
- 2028-01-01: 8_559
89
- 2029-01-01: 8_726
90
- 2030-01-01: 8_896
91
- 2031-01-01: 9_076
92
- 2032-01-01: 9_252
93
- 2033-01-01: 9_436
94
- 2034-01-01: 9_626
95
- 2035-01-01: 9_814
67
+ values:
68
+ 2017-01-01: 6_318
69
+ 2018-01-01: 6_431
70
+ 2019-01-01: 6_557
71
+ 2020-01-01: 6_660
72
+ 2021-01-01: 6_728
73
+ 2022-01-01: 6_935
74
+ 2023-01-01: 7_430
75
+ 2024-01-01: 7_830
76
+ 2025-01-01: 8_046
77
+ 2026-01-01: 8_231
78
+ metadata:
79
+ uprating:
80
+ parameter: gov.irs.uprating
81
+ rounding:
82
+ type: nearest
83
+ interval: 1
96
84
  metadata:
97
85
  type: single_amount
98
86
  threshold_unit: child
99
87
  amount_unit: currency-USD
100
- # Skip uprating to avoid uprating the thresholds.
101
88
  label: EITC maximum amount by number of children
102
89
  reference:
90
+ - title: 26 U.S.C. § 32(b) - Earned Income Credit
91
+ href: https://www.law.cornell.edu/uscode/text/26/32#b
92
+ # Defines EITC percentages and maximum amounts by number of children
93
+ - title: 2026 IRS data release
94
+ href: https://www.irs.gov/pub/irs-drop/rp-25-32.pdf#page=14
103
95
  - title: 2025 IRS data release
104
96
  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=9
105
97
  - title: 2024 IRS data release
policyengine_us/parameters/gov/irs/deductions/qbi/phase_out/start.yaml CHANGED
@@ -6,8 +6,16 @@ metadata:
6
6
  breakdown:
7
7
  - filing_status
8
8
  reference:
9
+ - title: 26 U.S.C. § 199A(e)(2)
10
+ href: https://www.law.cornell.edu/uscode/text/26/199A#e_2
11
+ # Defines threshold amount for QBI deduction phase-out
12
+ - title: 26 U.S.C. § 1(f)(7)
13
+ href: https://www.law.cornell.edu/uscode/text/26/1#f_7
14
+ # Rounding rules: $50 for general filers, $25 for married filing separately
15
+ - title: 2026 IRS data release
16
+ href: https://www.irs.gov/pub/irs-drop/rp-25-32.pdf#page=21
9
17
  - title: 2025 IRS data release
10
- href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=15
18
+ href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=15
11
19
  - title: 2024 IRS data release
12
20
  href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=17
13
21
  - title: 2023 IRS data release
@@ -18,8 +26,12 @@ metadata:
18
26
  href: https://www.irs.gov/pub/irs-drop/rp-20-45.pdf#page=16
19
27
  - title: 2020 IRS data release
20
28
  href: https://www.irs.gov/pub/irs-drop/rp-19-44.pdf#page=16
21
- uprating: gov.irs.uprating
22
29
  propagate_metadata_to_children: true
30
+ uprating:
31
+ parameter: gov.irs.uprating
32
+ rounding:
33
+ type: downwards
34
+ interval: 25
23
35
 
24
36
  HEAD_OF_HOUSEHOLD:
25
37
  2013-01-01: 0
@@ -31,7 +43,7 @@ HEAD_OF_HOUSEHOLD:
31
43
  2023-01-01: 182_100
32
44
  2024-01-01: 191_950
33
45
  2025-01-01: 197_300
34
- 2026-01-01: 200_300
46
+ 2026-01-01: 201_750
35
47
  JOINT:
36
48
  2013-01-01: 0
37
49
  2018-01-01: 315_000
@@ -42,7 +54,7 @@ JOINT:
42
54
  2023-01-01: 364_200
43
55
  2024-01-01: 383_900
44
56
  2025-01-01: 394_600
45
- 2026-01-01: 400_600
57
+ 2026-01-01: 403_500
46
58
  SEPARATE:
47
59
  2013-01-01: 0
48
60
  2018-01-01: 157_500
@@ -53,7 +65,7 @@ SEPARATE:
53
65
  2023-01-01: 182_100
54
66
  2024-01-01: 191_950
55
67
  2025-01-01: 197_300
56
- 2026-01-01: 200_300
68
+ 2026-01-01: 201_775
57
69
  SINGLE:
58
70
  2013-01-01: 0
59
71
  2018-01-01: 157_500
@@ -64,7 +76,7 @@ SINGLE:
64
76
  2023-01-01: 182_100
65
77
  2024-01-01: 191_950
66
78
  2025-01-01: 197_300
67
- 2026-01-01: 200_300
79
+ 2026-01-01: 201_750
68
80
  SURVIVING_SPOUSE:
69
81
  2013-01-01: 0
70
82
  2018-01-01: 315_000
@@ -75,4 +87,4 @@ SURVIVING_SPOUSE:
75
87
  2023-01-01: 364_200
76
88
  2024-01-01: 383_900
77
89
  2025-01-01: 394_600
78
- 2026-01-01: 400_600
90
+ 2026-01-01: 403_500
policyengine_us/parameters/gov/irs/deductions/standard/aged_or_blind/amount.yaml CHANGED
@@ -7,17 +7,7 @@ SINGLE:
7
7
  2023-01-01: 1_850
8
8
  2024-01-01: 1_950
9
9
  2025-01-01: 2_000
10
- # CBO forecast.
11
10
  2026-01-01: 2_050
12
- 2027-01-01: 2_100
13
- 2028-01-01: 2_150
14
- 2029-01-01: 2_200
15
- 2030-01-01: 2_250
16
- 2031-01-01: 2_250
17
- 2032-01-01: 2_300
18
- 2033-01-01: 2_350
19
- 2034-01-01: 2_400
20
- 2035-01-01: 2_450
21
11
  JOINT:
22
12
  2018-01-01: 1_300
23
13
  2019-01-01: 1_300
@@ -26,17 +16,7 @@ JOINT:
26
16
  2023-01-01: 1_500
27
17
  2024-01-01: 1_550
28
18
  2025-01-01: 1_600
29
- # CBO forecast.
30
19
  2026-01-01: 1_650
31
- 2027-01-01: 1_650
32
- 2028-01-01: 1_700
33
- 2029-01-01: 1_750
34
- 2030-01-01: 1_800
35
- 2031-01-01: 1_800
36
- 2032-01-01: 1_850
37
- 2033-01-01: 1_900
38
- 2034-01-01: 1_900
39
- 2035-01-01: 1_950
40
20
  SEPARATE:
41
21
  2018-01-01: 1_300
42
22
  2019-01-01: 1_300
@@ -45,16 +25,7 @@ SEPARATE:
45
25
  2023-01-01: 1_500
46
26
  2024-01-01: 1_550
47
27
  2025-01-01: 1_600
48
- # CBO forecast.
49
- 2025-02-01: 1_650
50
- 2025-03-01: 1_650
51
- 2025-04-01: 1_700
52
- 2025-05-01: 1_750
53
- 2025-06-01: 1_750
54
- 2025-07-01: 1_800
55
- 2025-08-01: 1_850
56
- 2025-09-01: 1_900
57
- 2025-10-01: 1_900
28
+ 2026-01-01: 1_650
58
29
  HEAD_OF_HOUSEHOLD:
59
30
  2018-01-01: 1_600
60
31
  2019-01-01: 1_650
@@ -63,17 +34,7 @@ HEAD_OF_HOUSEHOLD:
63
34
  2023-01-01: 1_850
64
35
  2024-01-01: 1_950
65
36
  2025-01-01: 2_000
66
- # CBO forecast.
67
37
  2026-01-01: 2_050
68
- 2027-01-01: 2_100
69
- 2028-01-01: 2_150
70
- 2029-01-01: 2_200
71
- 2030-01-01: 2_250
72
- 2031-01-01: 2_250
73
- 2032-01-01: 2_300
74
- 2033-01-01: 2_350
75
- 2034-01-01: 2_400
76
- 2035-01-01: 2_450
77
38
  SURVIVING_SPOUSE:
78
39
  2018-01-01: 1_300
79
40
  2019-01-01: 1_300
@@ -82,26 +43,19 @@ SURVIVING_SPOUSE:
82
43
  2023-01-01: 1_500
83
44
  2024-01-01: 1_550
84
45
  2025-01-01: 1_600
85
- # CBO forecast.
86
46
  2026-01-01: 1_650
87
- 2027-01-01: 1_650
88
- 2028-01-01: 1_700
89
- 2029-01-01: 1_750
90
- 2030-01-01: 1_800
91
- 2031-01-01: 1_800
92
- 2032-01-01: 1_850
93
- 2033-01-01: 1_900
94
- 2034-01-01: 1_900
95
- 2035-01-01: 1_950
96
47
  metadata:
97
48
  unit: currency-USD
98
49
  breakdown:
99
50
  - filing_status
100
51
  label: Additional standard deduction for the blind and aged
101
52
  period: year
53
+ propagate_metadata_to_children: true
102
54
  reference:
55
+ - title: 2026 IRS data release
56
+ href: https://www.irs.gov/pub/irs-drop/rp-25-32.pdf#page=18
103
57
  - title: 2025 IRS data release
104
- href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=12
58
+ href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=12
105
59
  - title: 2024 IRS data release
106
60
  href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=14
107
61
  - title: 2023 IRS data release
@@ -121,4 +75,8 @@ metadata:
121
75
  # 1. Tax Parameters.
122
76
  href: https://www.cbo.gov/system/files/2025-01/53724-2025-01-Tax-Parameters.xlsx
123
77
 
124
- uprating: gov.irs.uprating
78
+ uprating:
79
+ parameter: gov.irs.uprating
80
+ rounding:
81
+ type: downwards
82
+ interval: 50
policyengine_us/parameters/gov/irs/deductions/standard/amount.yaml CHANGED
@@ -9,17 +9,7 @@ SINGLE:
9
9
  2023-01-01: 13_850
10
10
  2024-01-01: 14_600
11
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
12
+ 2026-01-01: 16_100
23
13
  JOINT:
24
14
  2018-01-01: 24_000
25
15
  2019-01-01: 24_400
@@ -29,17 +19,7 @@ JOINT:
29
19
  2023-01-01: 27_700
30
20
  2024-01-01: 29_200
31
21
  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
22
+ 2026-01-01: 32_200
43
23
  SEPARATE:
44
24
  2018-01-01: 12_000
45
25
  2019-01-01: 12_200
@@ -49,17 +29,7 @@ SEPARATE:
49
29
  2023-01-01: 13_850
50
30
  2024-01-01: 14_600
51
31
  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
32
+ 2026-01-01: 16_100
63
33
  HEAD_OF_HOUSEHOLD:
64
34
  2018-01-01: 18_000
65
35
  2019-01-01: 18_350
@@ -69,17 +39,7 @@ HEAD_OF_HOUSEHOLD:
69
39
  2023-01-01: 20_800
70
40
  2024-01-01: 21_900
71
41
  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
42
+ 2026-01-01: 24_150
83
43
  SURVIVING_SPOUSE:
84
44
  2018-01-01: 24_000
85
45
  2019-01-01: 24_400
@@ -89,28 +49,21 @@ SURVIVING_SPOUSE:
89
49
  2023-01-01: 27_700
90
50
  2024-01-01: 29_200
91
51
  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
52
+ 2026-01-01: 32_200
103
53
  metadata:
104
54
  unit: currency-USD
105
55
  label: Standard deduction
106
56
  period: year
107
57
  breakdown:
108
58
  - filing_status
59
+ propagate_metadata_to_children: true
109
60
  reference:
110
- - title: H.R.1 - One Big Beautiful Bill Act
111
- href: https://www.congress.gov/bill/119th-congress/house-bill/1/text
61
+ - title: 26 U.S. Code § 63(c) - Standard deduction
62
+ href: https://www.law.cornell.edu/uscode/text/26/63#c
63
+ - title: 2026 IRS data release
64
+ href: https://www.irs.gov/pub/irs-drop/rp-25-32.pdf#page=18
112
65
  - title: 2025 IRS data release
113
- href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=12
66
+ href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=12
114
67
  - title: 2024 IRS data release
115
68
  href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=14
116
69
  - title: 2023 IRS data release
@@ -129,4 +82,8 @@ metadata:
129
82
  - title: CBO Tax Parameters and Effective Marginal Tax Rates | Jan 2025
130
83
  # 1. Tax Parameters.
131
84
  href: https://www.cbo.gov/system/files/2025-01/53724-2025-01-Tax-Parameters.xlsx
132
- uprating: gov.irs.uprating
85
+ uprating:
86
+ parameter: gov.irs.uprating
87
+ rounding:
88
+ type: downwards
89
+ interval: 50
policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/catch_up/limit/401k.yaml CHANGED
@@ -3,12 +3,19 @@ values:
3
3
  2018-01-01: 6_000
4
4
  2020-01-01: 6_500
5
5
  2023-01-01: 7_500
6
+ 2024-01-01: 7_500
7
+ 2025-01-01: 7_500
6
8
  metadata:
7
9
  unit: currency-USD
8
10
  period: year
9
11
  label: 401(k) catch-up amount
12
+ uprating:
13
+ parameter: gov.irs.uprating
14
+ rounding:
15
+ type: downwards
16
+ interval: 500
10
17
  references:
11
- - title: 26 CFR § 1.414 - Catch-up contributions. (v)(2)(B)(i)
18
+ - title: 26 CFR § 1.414 - Catch-up contributions. (v)(2)(B)(i)
12
19
  href: https://www.law.cornell.edu/cfr/text/26/1.414(v)-1
13
20
  # Inflation adjusted amount
14
21
  - title: Cost-of-Living Adjustments for Retirement Items
policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/catch_up/limit/ira.yaml CHANGED
@@ -1,10 +1,17 @@
1
1
  description: The US allows for catch-up IRA contributions of this amount.
2
2
  values:
3
3
  2018-01-01: 1_000
4
+ 2024-01-01: 1_000
5
+ 2025-01-01: 1_000
4
6
  metadata:
5
7
  unit: currency-USD
6
8
  period: year
7
9
  label: IRA catch-up amount
10
+ uprating:
11
+ parameter: gov.irs.uprating
12
+ rounding:
13
+ type: downwards
14
+ interval: 100
8
15
  references:
9
16
  - title: 26 U.S. Code § 219 - Retirement savings (b)(5)(B)
10
17
  href: https://www.law.cornell.edu/uscode/text/26/219
policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/limit/401k.yaml CHANGED
@@ -6,10 +6,16 @@ values:
6
6
  2022-01-01: 20_500
7
7
  2023-01-01: 22_500
8
8
  2024-01-01: 23_000
9
+ 2025-01-01: 23_500
9
10
  metadata:
10
11
  unit: currency-USD
11
12
  period: year
12
13
  label: 401(k) contribution limit
14
+ uprating:
15
+ parameter: gov.irs.uprating
16
+ rounding:
17
+ type: downwards
18
+ interval: 500
13
19
  references:
14
20
  - title: 26 CFR § 1.402(g)-1 - Limitation on exclusion for elective deferrals. (d))(i)
15
21
  href: https://law.cornell.edu/cfr/text/26/1.402(g)-1
policyengine_us/parameters/gov/irs/gross_income/retirement_contributions/limit/ira.yaml CHANGED
@@ -8,6 +8,11 @@ metadata:
8
8
  unit: currency-USD
9
9
  period: year
10
10
  label: IRA contribution limit
11
+ uprating:
12
+ parameter: gov.irs.uprating
13
+ rounding:
14
+ type: downwards
15
+ interval: 500
11
16
  references:
12
17
  - title: 26 U.S. Code § 219 - Retirement savings (b)(5)(A)
13
18
  href: https://www.law.cornell.edu/uscode/text/26/219
policyengine_us/parameters/gov/irs/income/amt/exemption/amount.yaml CHANGED
@@ -2,11 +2,17 @@ description: AMT exemption amount
2
2
  metadata:
3
3
  unit: currency-USD
4
4
  period: year
5
- uprating: gov.irs.uprating
5
+ propagate_metadata_to_children: true
6
+ uprating:
7
+ parameter: gov.irs.uprating
8
+ rounding:
9
+ type: nearest
10
+ interval: 100
6
11
  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
12
+ - title: 26 U.S. Code § 55(d) - Alternative minimum tax exemption
13
+ href: https://www.law.cornell.edu/uscode/text/26/55#d
14
+ - title: 2026 IRS data release
15
+ href: https://www.irs.gov/pub/irs-drop/rp-25-32.pdf#page=16
10
16
  - title: 2025 IRS data release
11
17
  href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=10
12
18
  - title: 2024 IRS data release
@@ -43,17 +49,7 @@ HEAD_OF_HOUSEHOLD:
43
49
  2023-01-01: 81_300
44
50
  2024-01-01: 85_700
45
51
  2025-01-01: 88_100
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
52
+ 2026-01-01: 90_100
57
53
  JOINT:
58
54
  values:
59
55
  2013-01-01: 80_800
@@ -69,17 +65,7 @@ JOINT:
69
65
  2023-01-01: 126_500
70
66
  2024-01-01: 133_300
71
67
  2025-01-01: 137_000
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
68
+ 2026-01-01: 140_200
83
69
  SEPARATE:
84
70
  values:
85
71
  2013-01-01: 40_400
@@ -95,17 +81,7 @@ SEPARATE:
95
81
  2023-01-01: 63_250
96
82
  2024-01-01: 66_650
97
83
  2025-01-01: 68_500
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
84
+ 2026-01-01: 70_100
109
85
  SINGLE:
110
86
  values:
111
87
  2013-01-01: 51_900
@@ -121,17 +97,7 @@ SINGLE:
121
97
  2023-01-01: 81_300
122
98
  2024-01-01: 85_700
123
99
  2025-01-01: 88_100
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
100
+ 2026-01-01: 90_100
135
101
  SURVIVING_SPOUSE:
136
102
  values:
137
103
  2013-01-01: 80_800
@@ -147,14 +113,4 @@ SURVIVING_SPOUSE:
147
113
  2023-01-01: 126_500
148
114
  2024-01-01: 133_300
149
115
  2025-01-01: 137_000
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
116
+ 2026-01-01: 140_200