Merge branch 'master' of https://github.com/PolicyEngine/policyengine-us

into DianaShi5083/issue3058
PolicyEngine · Nov 14, 2023 · 89661c1 · 89661c1
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diff --git a/CHANGELOG.md b/CHANGELOG.md
@@ -5,6 +5,73 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [0.529.0] - 2023-11-13 21:25:39
+
+### Added
+
+- Rhode Island exemptions.
+
+## [0.528.0] - 2023-11-13 15:13:28
+
+### Added
+
+- Kentucky adjusted gross income.
+
+## [0.527.0] - 2023-11-12 00:23:31
+
+### Added
+
+- 2024 income tax brackets.
+
+## [0.526.0] - 2023-11-10 15:59:43
+
+### Added
+
+- Hawaii exemptions.
+
+## [0.525.0] - 2023-11-10 15:51:59
+
+### Added
+
+- West Virginia low-income earned income exclusion.
+
+## [0.524.0] - 2023-11-09 16:00:28
+
+### Added
+
+- Maryland hundred year subtraction.
+
+## [0.523.1] - 2023-11-09 01:19:56
+
+### Fixed
+
+- Disable Maine Tax.
+
+## [0.523.0] - 2023-11-09 00:11:58
+
+### Added
+
+- Alabama itemized deductions.
+
+## [0.522.0] - 2023-11-08 21:44:31
+
+### Added
+
+- South Carolina retirement deduction.
+- South Carolina military retirement deduction.
+
+## [0.521.0] - 2023-11-08 01:44:09
+
+### Added
+
+- Idaho non-refundable credits file.
+
+## [0.520.0] - 2023-11-07 23:06:52
+
+### Fixed
+
+- 2021 Maine income tax parameters.
+
 ## [0.519.0] - 2023-11-06 22:47:48
 
 ### Added
@@ -5817,6 +5884,17 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 
 
+[0.529.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.528.0...0.529.0
+[0.528.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.527.0...0.528.0
+[0.527.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.526.0...0.527.0
+[0.526.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.525.0...0.526.0
+[0.525.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.524.0...0.525.0
+[0.524.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.523.1...0.524.0
+[0.523.1]: https://github.com/PolicyEngine/policyengine-us/compare/0.523.0...0.523.1
+[0.523.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.522.0...0.523.0
+[0.522.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.521.0...0.522.0
+[0.521.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.520.0...0.521.0
+[0.520.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.519.0...0.520.0
 [0.519.0]: https://github.com/PolicyEngine/policyengine-us/compare/0.518.5...0.519.0
 [0.518.5]: https://github.com/PolicyEngine/policyengine-us/compare/0.518.4...0.518.5
 [0.518.4]: https://github.com/PolicyEngine/policyengine-us/compare/0.518.3...0.518.4

diff --git a/changelog.yaml b/changelog.yaml
@@ -4921,3 +4921,59 @@
     added:
     - West Virginia low-income family tax credit.
   date: 2023-11-06 22:47:48
+- bump: minor
+  changes:
+    fixed:
+    - 2021 Maine income tax parameters.
+  date: 2023-11-07 23:06:52
+- bump: minor
+  changes:
+    added:
+    - Idaho non-refundable credits file.
+  date: 2023-11-08 01:44:09
+- bump: minor
+  changes:
+    added:
+    - South Carolina retirement deduction.
+    - South Carolina military retirement deduction.
+  date: 2023-11-08 21:44:31
+- bump: minor
+  changes:
+    added:
+    - Alabama itemized deductions.
+  date: 2023-11-09 00:11:58
+- bump: patch
+  changes:
+    fixed:
+    - Disable Maine Tax.
+  date: 2023-11-09 01:19:56
+- bump: minor
+  changes:
+    added:
+    - Maryland hundred year subtraction.
+  date: 2023-11-09 16:00:28
+- bump: minor
+  changes:
+    added:
+    - West Virginia low-income earned income exclusion.
+  date: 2023-11-10 15:51:59
+- bump: minor
+  changes:
+    added:
+    - Hawaii exemptions.
+  date: 2023-11-10 15:59:43
+- bump: minor
+  changes:
+    added:
+    - 2024 income tax brackets.
+  date: 2023-11-12 00:23:31
+- bump: minor
+  changes:
+    added:
+    - Kentucky adjusted gross income.
+  date: 2023-11-13 15:13:28
+- bump: minor
+  changes:
+    added:
+    - Rhode Island exemptions.
+  date: 2023-11-13 21:25:39
diff --git a/policyengine_us/parameters/gov/irs/ald/loss/max.yaml b/policyengine_us/parameters/gov/irs/ald/loss/max.yaml
@@ -7,6 +7,8 @@ metadata:
   reference:
     - title: 26 U.S. Code § 461 - General rule for taxable year of deduction (l)(3)(A)(ii)(II)
       href: https://www.law.cornell.edu/uscode/text/26/461#l_3_A_ii_II
+    - title: 2024 IRS data release
+      href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=20
     - title: 2023 IRS data release
       href: https://www.irs.gov/pub/irs-drop/rp-22-38.pdf#page=13
     - title: 2022 IRS data release
@@ -25,6 +27,7 @@ HEAD_OF_HOUSEHOLD:
     2021-01-01: 262_000
     2022-01-01: 270_000
     2023-01-01: 289_000
+    2024-01-01: 305_000
     2027-01-01: .inf
 JOINT:
   values:
@@ -35,6 +38,7 @@ JOINT:
     2021-01-01: 524_000
     2022-01-01: 540_000
     2023-01-01: 578_000
+    2024-01-01: 610_000
     2027-01-01: .inf
 SEPARATE:
   values:
@@ -45,6 +49,7 @@ SEPARATE:
     2021-01-01: 262_000
     2022-01-01: 270_000
     2023-01-01: 289_000
+    2024-01-01: 305_000
     2027-01-01: .inf
 SINGLE:
   values:
@@ -55,6 +60,7 @@ SINGLE:
     2021-01-01: 262_000
     2022-01-01: 270_000
     2023-01-01: 289_000
+    2024-01-01: 305_000
     2027-01-01: .inf
 WIDOW:
   values:
@@ -65,4 +71,5 @@ WIDOW:
     2021-01-01: 524_000
     2022-01-01: 540_000
     2023-01-01: 578_000
+    2024-01-01: 610_000
     2027-01-01: .inf
diff --git a/policyengine_us/parameters/gov/irs/credits/ctc/refundable/individual_max.yaml b/policyengine_us/parameters/gov/irs/credits/ctc/refundable/individual_max.yaml
@@ -5,12 +5,15 @@ values:
   2018-01-01: 1_400
   2022-01-01: 1_500
   2023-01-01: 1_600
+  2024-01-01: 1_700
   2026-01-01: 1_000
 metadata:
   unit: currency-USD
   period: year
   label: Child tax credit refundable maximum amount
   reference:
+    - title: 2024 IRS data release
+      href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=9
     - title: 2023 IRS data release
       href: https://www.irs.gov/pub/irs-drop/rp-22-38.pdf#page=9
     - title: 2022 IRS data release

diff --git a/policyengine_us/parameters/gov/irs/credits/eitc/max.yaml b/policyengine_us/parameters/gov/irs/credits/eitc/max.yaml
@@ -11,6 +11,7 @@ brackets:
       2021-01-01: 1_502
       2022-01-01: 560
       2023-01-01: 600
+      2024-01-01: 632
   - threshold:
       0000-01-01: 1
     amount:
@@ -21,6 +22,7 @@ brackets:
       2021-01-01: 3_618
       2022-01-01: 3_733
       2023-01-01: 3_995
+      2024-01-01: 4_213
   - threshold:
       0000-01-01: 2
     amount:
@@ -31,6 +33,7 @@ brackets:
       2021-01-01: 5_980
       2022-01-01: 6_164
       2023-01-01: 6_604
+      2024-01-01: 6_960
   - threshold:
       0000-01-01: 3
     amount:
@@ -41,12 +44,15 @@ brackets:
       2021-01-01: 6_728
       2022-01-01: 6_935
       2023-01-01: 7_430
+      2024-01-01: 7_830
 metadata:
   type: single_amount
   threshold_unit: child
   amount_unit: currency-USD
   label: EITC maximum amount by number of children
   reference:
+    - title: 2024 IRS data release
+      href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=10
     - title: 2023 IRS data release
       href: https://www.irs.gov/pub/irs-drop/rp-22-38.pdf#page=10
     - title: 2022 IRS data release

diff --git a/policyengine_us/parameters/gov/irs/credits/eitc/phase_out/joint_bonus.yaml b/policyengine_us/parameters/gov/irs/credits/eitc/phase_out/joint_bonus.yaml
@@ -9,6 +9,8 @@ metadata:
     # Row 3: Threshold Phaseout Amount (Single, Surviving Spouse, or Head of 
     #        Household), and
     # Row 5: Threshold Phaseout Amount (Married Filing Jointly)
+    - title: 2024 IRS data release
+      href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=10
     - title: IRS data release 2023
       href: https://www.irs.gov/pub/irs-drop/rp-22-38.pdf#page=10
     - title: 2022 IRS data release
@@ -42,6 +44,7 @@ brackets:
         2021-01-01: 5_940
         2022-01-01: 6_130
         2023-01-01: 6_560 # 28_120 - 21_560
+        2024-01-01: 6_920 # 29_640 - 22_720
       metadata:
         unit: currency-USD
         period: year
@@ -68,6 +71,7 @@ brackets:
         2021-01-01: 5_950
         2022-01-01: 6_130
         2023-01-01: 6_570 # 16_370 - 9_800
+        2024-01-01: 6_920 # 17_250 - 10_330
       metadata:
         unit: currency-USD
         period: year

diff --git a/policyengine_us/parameters/gov/irs/credits/eitc/phase_out/max_investment_income.yaml b/policyengine_us/parameters/gov/irs/credits/eitc/phase_out/max_investment_income.yaml
@@ -4,6 +4,8 @@ metadata:
   period: year
   label: EITC maximum investment income
   reference:
+    - title: 2024 IRS data release
+      href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=10
     - title: 2023 IRS data release
       href: https://www.irs.gov/pub/irs-drop/rp-22-38.pdf#page=10
     - title: 2022 IRS data release
@@ -26,3 +28,4 @@ values:
   2021-01-01: 10_000
   2022-01-01: 10_300
   2023-01-01: 11_000
+  2024-01-01: 11_600
diff --git a/policyengine_us/parameters/gov/irs/credits/eitc/phase_out/start.yaml b/policyengine_us/parameters/gov/irs/credits/eitc/phase_out/start.yaml
@@ -5,6 +5,8 @@ metadata:
   amount_unit: currency-USD
   label: EITC phase-out start by number of children
   reference:
+    - title: 2024 IRS data release
+      href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=10
     - title: 2023 IRS data release
       href: https://www.irs.gov/pub/irs-drop/rp-22-38.pdf#page=10
     - title: 2022 IRS data release
@@ -41,6 +43,7 @@ brackets:
                 href: https://www.law.cornell.edu/uscode/text/26/32#n_4_A_ii
         2022-01-01: 9_160
         2023-01-01: 9_800
+        2024-01-01: 10_330
       metadata:
         unit: currency-USD
   - threshold:
@@ -57,6 +60,7 @@ brackets:
         2021-01-01: 19_520
         2022-01-01: 20_130
         2023-01-01: 21_560
+        2024-01-01: 22_720
       metadata:
         unit: currency-USD
   - threshold:
@@ -73,6 +77,7 @@ brackets:
         2021-01-01: 19_520
         2022-01-01: 20_130
         2023-01-01: 21_560
+        2024-01-01: 22_720
       metadata:
         unit: currency-USD
   - threshold:
@@ -89,5 +94,6 @@ brackets:
         2021-01-01: 19_520
         2022-01-01: 20_130
         2023-01-01: 21_560
+        2024-01-01: 22_720
       metadata:
         unit: currency-USD
diff --git a/policyengine_us/parameters/gov/irs/deductions/qbi/phase_out/start.yaml b/policyengine_us/parameters/gov/irs/deductions/qbi/phase_out/start.yaml
@@ -7,6 +7,8 @@ metadata:
   breakdown:
     - filing_status
   reference:
+    - title: 2024 IRS data release
+      href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=17
     - title: 2023 IRS data release
       href: https://www.irs.gov/pub/irs-drop/rp-22-38.pdf#page=13
     - title: 2022 IRS data release
@@ -23,6 +25,7 @@ HEAD_OF_HOUSEHOLD:
   2021-01-01: 164_900
   2022-01-01: 170_050
   2023-01-01: 182_100
+  2024-01-01: 191_950
   2026-01-01: 0
 JOINT:
   2013-01-01: 0
@@ -32,6 +35,7 @@ JOINT:
   2021-01-01: 329_800
   2022-01-01: 340_100
   2023-01-01: 364_200
+  2024-01-01: 383_900
   2026-01-01: 0
 SEPARATE:
   2013-01-01: 0
@@ -41,6 +45,7 @@ SEPARATE:
   2021-01-01: 164_925
   2022-01-01: 170_050
   2023-01-01: 182_100
+  2024-01-01: 191_950
   2026-01-01: 0
 SINGLE:
   2013-01-01: 0
@@ -50,6 +55,7 @@ SINGLE:
   2021-01-01: 164_900
   2022-01-01: 170_050
   2023-01-01: 182_100
+  2024-01-01: 191_950
   2026-01-01: 0
 WIDOW:
   2013-01-01: 0
@@ -59,4 +65,5 @@ WIDOW:
   2021-01-01: 329_800
   2022-01-01: 340_100
   2023-01-01: 364_200
+  2024-01-01: 383_900
   2026-01-01: 0