taxcalc 4.6.3__py3-none-any.whl → 5.0.4__py3-none-any.whl

taxcalc/records.py

@@ -305,6 +305,8 @@ class Records(Data):
         self.e00200s *= gfv['AWAGE']
         self.pencon_p *= gfv['AWAGE']
         self.pencon_s *= gfv['AWAGE']
+        self.overtime_income *= gfv['AWAGE']
+        self.tip_income *= gfv['AWAGE']
         self.e00300 *= gfv['AINTS']
         self.e00400 *= gfv['AINTS']
         self.e00600 *= gfv['ADIVS']
@@ -377,6 +379,7 @@ class Records(Data):
         self.e87530 *= gfv['ATXPY']
         self.e87521 *= gfv['ATXPY']
         self.cmbtp *= gfv['ATXPY']
+        self.auto_loan_interest *= gfv['ATXPY']
         # BENEFITS
         self.other_ben *= gfv['ABENOTHER']
         self.mcare_ben *= gfv['ABENMCARE']

taxcalc/records_variables.json

@@ -647,6 +647,25 @@
       "desc": "Filing unit's share of total business property owned by the pass-through business",
       "form": {"2018-20??": "specified in custom data"},
       "availability": ""
+    },
+
+    "auto_loan_interest": {
+      "type": "float",
+      "desc": "Filing unit's interest payments on OBBBA-qualified auto loans",
+      "form": {"2025-20??": "specified in custom data"},
+      "availability": ""
+    },
+    "overtime_income": {
+      "type": "float",
+      "desc": "Filing unit's OBBBA-qualified overtime income",
+      "form": {"2025-20??": "specified in custom data"},
+      "availability": ""
+    },
+    "tip_income": {
+      "type": "float",
+      "desc": "Filing unit's OBBBA-qualified tip income",
+      "form": {"2025-20??": "specified in custom data"},
+      "availability": ""
     }
   },
   "calc": {
@@ -936,71 +955,31 @@
       "desc": "Sch A: Medical expenses deducted (component of pre-limitation c21060 total)",
       "form": {"2013-20??": "calculated variable"}
     },
-    "e17500_capped": {
-      "type": "float",
-      "desc": "Sch A: Medical expenses, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
     "c18300": {
       "type": "float",
       "desc": "Sch A: State and local taxes plus real estate taxes deducted (component of pre-limitation c21060 total)",
       "form": {"2013-20??": "calculated variable"}
     },
-    "e18400_capped": {
-      "type": "float",
-      "desc": "Sch A: State and local income taxes deductible, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
-    "e18500_capped": {
-      "type": "float",
-      "desc": "Sch A: State and local real estate taxes deductible, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
     "c19200": {
       "type": "float",
       "desc": "Sch A: Interest deducted (component of pre-limitation c21060 total)",
       "form": {"2013-20??": "calculated variable"}
     },
-    "e19200_capped": {
-      "type": "float",
-      "desc": "Sch A: Interest deduction deductible, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
     "c19700": {
       "type": "float",
       "desc": "Sch A: Charity contributions deducted (component of pre-limitation c21060 total)",
       "form": {"2013-20??": "calculated variable"}
     },
-    "e19800_capped": {
-      "type": "float",
-      "desc": "Sch A: Charity cash contributions deductible, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
-    "e20100_capped": {
-      "type": "float",
-      "desc": "Sch A: Charity noncash contributions deductible, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
     "c20500": {
       "type": "float",
       "desc": "Sch A: Net casualty or theft loss deducted (component of pre-limitation c21060 total)",
       "form": {"2013-20??": "calculated variable"}
     },
-    "g20500_capped": {
-      "type": "float",
-      "desc": "Sch A: Gross casualty or theft loss deductible, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
     "c20800": {
       "type": "float",
       "desc": "Sch A: Net limited miscellaneous deductions deducted (component of pre-limitation c21060 total)",
       "form": {"2013-20??": "calculated variable"}
     },
-    "e20400_capped": {
-      "type": "float",
-      "desc": "Sch A: Gross miscellaneous deductions deductible, capped as a decimal fraction of AGI",
-      "form": {"2013-20??": "calculated variable"}
-    },
     "c21040": {
       "type": "float",
       "desc": "Itemized deductions that are phased out",
@@ -1170,6 +1149,21 @@
       "desc": "search taxcalc/calcfunctions.py for how calculated and used",
       "form": {"2013-20??": "calculated variable"}
     },
+    "auto_loan_interest_deduction": {
+      "type": "float",
+      "desc": "Deduction for payment of qualified auto loan interest",
+      "form": {"2025-20??": "calculated variable"}
+    },
+    "ALD_OvertimeIncome": {
+      "type": "float",
+      "desc": "Above-the-line deduction for qualified overtime income",
+      "form": {"2025-20??": "calculated variable"}
+    },
+    "ALD_TipIncome": {
+      "type": "float",
+      "desc": "Above-the-line deduction for qualified tip income",
+      "form": {"2025-20??": "calculated variable"}
+    },
     "ubi": {
       "type": "float",
       "desc": "Universal Basic Income benefit for filing unit",

taxcalc/reforms/2017_law.json

@@ -14,7 +14,7 @@
 // - Set pre-TCJA itemized deduction policy (8)
 // Reform_Parameter_Map:
 // - 0: parameter_indexing_CPI_offset
-// - 1: II_rt?/II_brk? and PT_rt?/PT_brk?
+// - 1: II_rt?/II_brk?
 // - 2: six PT_qbid_* parameters
 // - 3: STD and II_em parameters
 // - 4: CTC_* and ACTC_* parameters
@@ -40,19 +40,6 @@
     "II_rt6": {"2018": 0.35},
     "II_brk6": {"2017": [418400, 470700, 235350, 444550, 470700]},
     "II_rt7": {"2018": 0.396},
-    "PT_rt1": {"2018": 0.10},
-    "PT_brk1": {"2017": [9325, 18650, 9325, 13350, 18650]},
-    "PT_rt2": {"2018": 0.15},
-    "PT_brk2": {"2017": [37950, 75900, 37950, 50800, 75900]},
-    "PT_rt3": {"2018": 0.25},
-    "PT_brk3": {"2017": [91900, 153100, 76550, 131200, 153100]},
-    "PT_rt4": {"2018": 0.28},
-    "PT_brk4": {"2017": [191650, 233350, 116675, 212500, 233350]},
-    "PT_rt5": {"2018": 0.33},
-    "PT_brk5": {"2017": [416700, 416700, 208350, 416700, 416700]},
-    "PT_rt6": {"2018": 0.35},
-    "PT_brk6": {"2017": [418400, 470700, 235350, 444550, 470700]},
-    "PT_rt7": {"2018": 0.396},
     "PT_qbid_rt": {"2018": 0},
     "PT_qbid_taxinc_thd": {"2018": [0, 0, 0, 0, 0]},
     "PT_qbid_taxinc_gap": {"2018": [1, 1, 1, 1, 1]},
@@ -98,7 +85,6 @@
     "ID_Casualty_c": {"2017": [9e99, 9e99, 9e99, 9e99, 9e99]},
     "ID_Miscellaneous_c": {"2017": [9e99, 9e99, 9e99, 9e99, 9e99]},
     "ID_ps": {"2017": [261500, 313800, 156900, 287650, 313800]},
-    "ID_BenefitSurtax_em": {"2017": [0, 0, 0, 0, 0]},
     "ID_c": {"2017": [9e99, 9e99, 9e99, 9e99, 9e99]},
     "CG_brk1": {"2017": [37950, 75900, 37950, 50800, 75900]},
     "CG_brk2": {"2017": [418400, 470700, 235350, 444550, 470700]},

taxcalc/reforms/ARPA.json

@@ -59,12 +59,12 @@
     "EITC_sep_filers_elig": {"2021": true},
     "CDCC_c": {"2021": 8000,
                "2022": 3000},
-    "CDCC_ps": {"2021": 125000,
-                "2022": 15000},
-    "CDCC_ps2": {"2021": 400000,
-                 "2022": 9e+99},
-    "CDCC_crt": {"2021": 0.5,
-                 "2022": 0.35},
+    "CDCC_ps1": {"2021": 125000,
+                 "2022": 15000},
+    "CDCC_ps2": {"2021": [400000, 400000, 400000, 400000, 400000],
+                 "2022": [9e+99, 9e+99, 9e+99, 9e+99, 9e+99]},
+    "CDCC_po1_rate_max": {"2021": 0.5,
+                          "2022": 0.35},
     "CDCC_refundable": {"2021": true,
                         "2022": false},
     "ALD_BusinessLosses_c": {"2026": [283535.22, 567070.42, 283535.22, 283535.22, 567070.42],

taxcalc/reforms/Larson2019.json

@@ -8,12 +8,12 @@
 // - Make wage and self-employment income above $400,000 subject to FICA taxes (2)
 // - Phase in an increase to the contribution rate starting in 2020 (3)
 // Reform_Parameter_Map:
-// - 1: SS_thd50, SS_thd85
+// - 1: SS_thd1, SS_thd2
 // - 2: SS_Earnings_thd
 // - 3: FICA_ss_trt_employer, FICA_ss_trt_employee
 {
-    "SS_thd50": {"2019": [50000, 100000, 50000, 50000, 50000]},
-    "SS_thd85": {"2019": [50000, 100000, 50000, 50000, 50000]},
+    "SS_thd1": {"2019": [50000, 100000, 50000, 50000, 50000]},
+    "SS_thd2": {"2019": [50000, 100000, 50000, 50000, 50000]},
     "SS_Earnings_thd": {"2019": 400000},
     "FICA_ss_trt_employer": {"2020": 0.0625,
                              "2021": 0.063,

taxcalc/reforms/TCJA.json

@@ -4,8 +4,7 @@
 //        http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf
 // Reform_Baseline: 2017_law.json
 // Reform_Description:
-// - New personal income tax schedule (regular/non-AMT/non-pass-through) (1)
-// - New pass-through income tax schedule (2)
+// - New personal income tax schedule (on regular taxable income) (1)
 // - New standard deductions (3)
 // - Repeal personal exemption (4)
 // - Modification to child tax credit, nonrefundable dependent credits (5)
@@ -15,7 +14,6 @@
 // - Switch to chained CPI from CPI-U for tax parameter adjustment (9)
 // Reform_Parameter_Map:
 // - 1: II_*
-// - 2: PT_*
 // - 3: STD (can safely ignore WARNINGs about 2026+ values)
 // - 4: II_em
 // - 5: ODC_c, _CTC_c, _CTC_ps, _ACTC_c, _ACTC_Income_thd
@@ -23,7 +21,7 @@
 // - 7: ALD_*
 // - 8: ID_* (can safely ignore WARNINGs about values for several parameters)
 // - 9: parameter_indexing_CPI_offset
-// Note: II_brk*, PT_brk*, STD, II_em are rounded to nearest integer value
+// Note: II_brk*, STD, II_em are rounded to nearest integer value
 {
     "II_rt1": {"2018": 0.10,
                "2026": 0.10},
@@ -51,32 +49,6 @@
                 "2026": [502356, 502356, 251178, 502356, 502356]},
     "II_brk6": {"2018": [500000, 600000, 300000, 500000, 600000],
                 "2026": [504406 ,567457, 283728, 535931, 567457]},
-    "PT_rt1": {"2018": 0.10,
-               "2026": 0.10},
-    "PT_rt2": {"2018": 0.12,
-               "2026": 0.15},
-    "PT_rt3": {"2018": 0.22,
-               "2026": 0.25},
-    "PT_rt4": {"2018": 0.24,
-               "2026": 0.28},
-    "PT_rt5": {"2018": 0.32,
-               "2026": 0.33},
-    "PT_rt6": {"2018": 0.35,
-               "2026": 0.35},
-    "PT_rt7": {"2018": 0.37,
-               "2026": 0.396},
-    "PT_brk1": {"2018": [9525, 19050, 9525, 13600, 19050],
-                "2026": [11242, 22484, 11242, 16094, 22484]},
-    "PT_brk2": {"2018": [38700, 77400, 38700, 51800, 77400],
-                "2026": [45751, 91502, 45751, 61242, 91502]},
-    "PT_brk3": {"2018": [82500, 165000, 82500, 82500, 165000],
-                "2026": [110791, 184571,  92286, 158169, 184571]},
-    "PT_brk4": {"2018": [157500, 315000, 157500, 157500, 315000],
-                "2026": [231045, 281317, 140659, 256181, 281317]},
-    "PT_brk5": {"2018": [200000, 400000, 200000, 200000, 400000],
-                "2026": [502356, 502356, 251178, 502356, 502356]},
-    "PT_brk6": {"2018": [500000, 600000, 300000, 500000, 600000],
-                "2026": [504406 ,567457, 283728, 535931, 567457]},
     "PT_qbid_rt": {"2018": 0.2,
                    "2026": 0.0},
     "PT_qbid_taxinc_thd": {"2018": [157500, 315000, 157500, 157500, 315000],

taxcalc/reforms/Trump2016.json

@@ -3,8 +3,7 @@
 // Reform_Reference: https://www.donaldjtrump.com/policies/tax-plan   
 // Reform_Baseline: 2017_law.json
 // Reform_Description:
-// - New personal income tax schedule (regular/non-AMT/non-pass-through) (1) 
-// - New pass-through income tax schedule (2) 
+// - New personal income tax schedule (on regular taxable income) (1) 
 // - New long-term capital gains and qualified dividends tax schedule (3) 
 // - Repeal Alternative Minimum Tax (4) 
 // - Repeal Net Investment Income Tax (5) 
@@ -14,7 +13,6 @@
 // - Cap itemized deductions (9) 
 // Reform_Parameter_Map:
 // - 1: II_rt*, II_brk*
-// - 2: PT_*
 // - 3: CG_*
 // - 4: AMT_*
 // - 5: NIIT_rt
@@ -36,19 +34,6 @@
     "II_rt6": {"2017": 0.25},
     "II_brk6": {"2017": [112500, 225000, 112500, 112500, 225000]},
     "II_rt7": {"2017": 0.33},
-    "PT_rt1": {"2017": 0.12},
-    "PT_brk1": {"2017": [37500, 75000, 37500, 37500, 75000]},
-    "PT_rt2": {"2017": 0.15},
-    "PT_brk2": {"2017": [112500, 225000, 112500, 112500, 225000]},
-    "PT_rt3": {"2017": 0.15},
-    "PT_brk3": {"2017": [112500, 225000, 112500, 112500, 225000]},
-    "PT_rt4": {"2017": 0.15},
-    "PT_brk4": {"2017": [112500, 225000, 112500, 112500, 225000]},
-    "PT_rt5": {"2017": 0.15},
-    "PT_brk5": {"2017": [112500, 225000, 112500, 112500, 225000]},
-    "PT_rt6": {"2017": 0.15},
-    "PT_brk6": {"2017": [112500, 225000, 112500, 112500, 225000]},
-    "PT_rt7": {"2017": 0.15},
     "CG_brk1": {"2017": [37500, 75000, 37500, 37500, 75000]},
     "CG_brk2": {"2017": [112500, 225000, 112500, 112500, 225000]},
     "AMT_rt1": {"2017": 0},

taxcalc/reforms/Trump2017.json

@@ -3,15 +3,13 @@
 // Reform_Reference: 1-page hand-out from the White House briefing
 // Reform_Baseline: 2017_law.json
 // Reform_Description:
-// - New personal income tax schedule (regular/non-AMT/non-pass-through) (1) 
-// - New pass-through income tax schedule (2) 
+// - New personal income tax schedule (on regular taxable income) (1) 
 // - Repeal Alternative Minimum Tax (3) 
 // - Repeal Net Investment Income Tax (4) 
 // - Double the Standard Deduction (5)
 // - Eliminate all itemized deductions except mortgage interest and charitable contributions (6)
 // Reform_Parameter_Map:
 // - 1: II_rt*
-// - 2: PT_*
 // - 3: AMT_*
 // - 4: NIIT_rt
 // - 5: STD
@@ -24,13 +22,6 @@
     "II_rt5": {"2017": 0.25},
     "II_rt6": {"2017": 0.35},
     "II_rt7": {"2017": 0.35},
-    "PT_rt1": {"2017": 0.1},
-    "PT_rt2": {"2017": 0.1},
-    "PT_rt3": {"2017": 0.15},
-    "PT_rt4": {"2017": 0.15},
-    "PT_rt5": {"2017": 0.15},
-    "PT_rt6": {"2017": 0.15},
-    "PT_rt7": {"2017": 0.15},
     "AMT_rt1": {"2017": 0},
     "AMT_rt2": {"2017": 0},
     "NIIT_rt": {"2017": 0},

taxcalc/reforms/ext.json

@@ -1,36 +1,22 @@
 // REFORM TO EXTEND TEMPORARY TCJA PROVISIONS BEYOND 2025
-// USING TAX-CALCULATOR 4.5.0
+// USING TAX-CALCULATOR 5.0.0
 // WITH 2025-to-2026 INDEXING FACTOR = 1.022300
 //  AND 2028-to-2029 INDEXING FACTOR = 1.022600
 {
     "II_rt1": {"2026": 0.10},
     "II_brk1": {"2026": [12190.93, 24381.86, 12190.93, 17379.1, 24381.86]},
-    "PT_rt1": {"2026": 0.10},
-    "PT_brk1": {"2026": [12190.93, 24381.86, 12190.93, 17379.1, 24381.86]},
     "II_rt2": {"2026": 0.12},
     "II_brk2": {"2026": [49555.99, 99111.98, 49555.99, 66296.16, 99111.98]},
-    "PT_rt2": {"2026": 0.12},
-    "PT_brk2": {"2026": [49555.99, 99111.98, 49555.99, 66296.16, 99111.98]},
     "II_rt3": {"2026": 0.22},
     "II_brk3": {"2026": [105654.7, 211309.41, 105654.7, 105654.7, 211309.41]},
-    "PT_rt3": {"2026": 0.22},
-    "PT_brk3": {"2026": [105654.7, 211309.41, 105654.7, 105654.7, 211309.41]},
     "II_rt4": {"2026": 0.24},
     "II_brk4": {"2026": [201699.79, 403399.58, 201699.79, 201699.79, 403399.58]},
-    "PT_rt4": {"2026": 0.24},
-    "PT_brk4": {"2026": [201699.79, 403399.58, 201699.79, 201699.79, 403399.58]},
     "II_rt5": {"2026": 0.32},
     "II_brk5": {"2026": [256111.71, 512223.42, 256111.71, 256086.15, 512223.42]},
-    "PT_rt5": {"2026": 0.32},
-    "PT_brk5": {"2026": [256111.71, 512223.42, 256111.71, 256086.15, 512223.42]},
     "II_rt6": {"2026": 0.35},
     "II_brk6": {"2026": [640317.6, 768360.68, 384180.34, 640317.6, 768360.68]},
-    "PT_rt6": {"2026": 0.35},
-    "PT_brk6": {"2026": [640317.6, 768360.68, 384180.34, 640317.6, 768360.68]},
     "II_rt7": {"2026": 0.37},
     "II_brk7": {"2026": [9e+99, 9e+99, 9e+99, 9e+99, 9e+99]},
-    "PT_rt7": {"2026": 0.37},
-    "PT_brk7": {"2026": [9e+99, 9e+99, 9e+99, 9e+99, 9e+99]},
     "CTC_c": {"2026": 2000.00},
     "ACTC_c": {"2026": 1776.67},
     "ACTC_c-indexed": {"2026": true},

taxcalc/tests/conftest.py

@@ -71,14 +71,14 @@ def fixture_test_reforms(tests_path):
     Execute logic only once rather than on each pytest-xdist node.
     """
     # pylint: disable=too-many-locals,too-many-statements
-    num_reforms = 63  # must be same as NUM_REFORMS in test_reforms.py
+    num_reforms = 60  # must be same as NUM_REFORMS in test_reforms.py
     handling_logic = ('PYTEST_XDIST_WORKER' not in os.environ or
                       os.environ['PYTEST_XDIST_WORKER'] == 'gw0')
     initfile = os.path.join(tests_path, 'reforms_actual_init')
     actfile_path = os.path.join(tests_path, 'reforms_actual.csv')
     afiles = os.path.join(tests_path, 'reform_actual_*.csv')
     wait_secs = 1
-    max_waits = 240
+    max_waits = 300
     # test_reforms setup
     if handling_logic:
         # remove reforms_actual.csv file if exists

taxcalc/tests/pufcsv_agg_expect.csv

@@ -4,12 +4,12 @@ AGI ($b),11078.7,11816.6,12247.2,12722.3,14930.0,14939.1,15160.9,16963.9,17819.4
 Itemizers (#m),45.7,19.4,20.0,21.0,22.6,22.8,21.8,21.6,21.7,51.8
 Itemized Deduction ($b),1274.3,602.7,633.9,692.3,761.9,782.8,795.2,830.0,854.2,2073.3
 Standard Deduction Filers (#m),145.2,174.8,177.2,178.5,179.6,182.8,186.5,189.5,192.3,164.9
-Standard Deduction ($b),1239.3,2865.3,2954.5,3025.8,3081.1,3234.0,3533.8,3787.3,3951.8,1892.3
+Standard Deduction ($b),1239.3,2865.3,2954.5,3025.8,3081.1,3234.0,3533.8,3787.3,3951.8,1892.4
 Personal Exemption ($b),1365.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,1998.6
 Taxable Income ($b),8112.2,9179.2,9520.5,9907.3,12003.2,11891.0,11879.0,13486.2,14199.8,13920.5
 Regular Tax ($b),1656.8,1712.3,1778.2,1838.3,2281.5,2275.4,2228.1,2589.0,2727.0,2929.0
 AMT Income ($b),10512.4,11343.5,11749.7,12180.1,14330.8,14321.1,14527.7,16287.6,17119.6,17599.2
-AMT Liability ($b),51.3,22.1,23.0,25.1,27.8,27.4,28.7,31.2,32.7,89.9
+AMT Liability ($b),51.3,22.1,23.0,25.1,27.8,27.4,28.7,31.2,32.7,90.0
 AMT Filers (#m),5.7,0.2,0.2,0.3,0.4,0.3,0.2,0.3,0.3,7.4
 Tax before Credits ($b),1708.1,1734.4,1801.1,1863.4,2309.4,2302.8,2256.8,2620.2,2759.7,3019.0
 Refundable Credits ($b),102.9,117.5,118.5,642.0,802.6,119.2,128.4,133.4,135.7,121.7