Vermont Elderly or Permanently Totally Disabled Tax Credit

changelog_entry.yaml

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+- bump: minor
+  changes:
+    added:
+    - Vermont elderly or permanently totally disabled tax credit. 

policyengine_us/parameters/gov/states/vt/tax/income/agi/exclusions/elderly_or_disabled/eligibility/age.yaml

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+description: Vermont provides elderly or permanently and totally disabled tax credit to filters at or above this age.
+values:
+  2022-01-01: 65
+metadata:
+  unit: year
+  label: Vermont elderly or permanently and totally disabled tax credit age eligibility
+  reference:
+    - title: Vermont - Department of Taxes - Tax Credits and Adjustments for Individuals - Elderly or Permanently Totally Disabled Tax Credit
+      href: https://tax.vermont.gov/individuals/personal-income-tax/tax-credits
+    - title: 2022 Schedule R (Form 1040) - Credit for the Elderly or the Disabled
+      href: https://www.irs.gov/pub/irs-access/f1040sr_accessible.pdf#page=1
+    - title: U.S. Code, Title 26, Subtitle A, CHAPTER 1, Subchapter A, PART IV, Subpart A, § 22 - Credit for the elderly and the permanently and totally disabled LII 
+      href: https://www.law.cornell.edu/uscode/text/26/22

policyengine_us/parameters/gov/states/vt/tax/income/agi/exclusions/elderly_or_disabled/eligibility/agi_limit.yaml

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+description: Vermont limits its elderly or permanently and totally disabled tax credit to filers with adjusted gross income below this amount, based on filing status.
+single:
+  values:
+    2022-01-01: 17_500
+separate:
+  values:
+    2022-01-01: 12_500
+joint_one_qualified:
+  values:
+    2022-01-01: 20_000
+joint_two_qualified:
+  values:
+    2022-01-01: 25_000
+metadata:
+  unit: year
+  label: Vermont elderly or permanently and totally disabled tax credit agi limits
+  reference:
+    - title: Vermont - Department of Taxes - Tax Credits and Adjustments for Individuals - Elderly or Permanently Totally Disabled Tax Credit
+      href: https://tax.vermont.gov/individuals/personal-income-tax/tax-credits
+    - title: IRS - Publication 524 (2022), Credit for the Elderly or the Disabled - Income Limits
+      href: https://www.irs.gov/publications/p524#en_US_2014_publink100038670

policyengine_us/parameters/gov/states/vt/tax/income/agi/exclusions/elderly_or_disabled/eligibility/nontaxable_income_limit.yaml

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+description: Vermont limits its elderly or permanently and totally disabled tax credit to filers with other nontaxable income below this amount, based on filing status.
+single:
+  values:
+    2022-01-01: 5_000
+separate:
+  values:
+    2022-01-01: 3_750
+joint_one_qualified:
+  values:
+    2022-01-01: 5_000
+joint_two_qualified:
+  values:
+    2022-01-01: 7_500
+metadata:
+  unit: year
+  label: Vermont elderly or permanently and totally disabled tax credit nontaxable income limits
+  reference:
+    - title: Vermont - Department of Taxes - Tax Credits and Adjustments for Individuals - Elderly or Permanently Totally Disabled Tax Credit
+      href: https://tax.vermont.gov/individuals/personal-income-tax/tax-credits
+    - title: IRS - Publication 524 (2022), Credit for the Elderly or the Disabled - Income Limits
+      href: https://www.irs.gov/publications/p524#en_US_2014_publink100038670

policyengine_us/parameters/gov/states/vt/tax/income/agi/exclusions/elderly_or_disabled/match.yaml

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+description: Vermont matches this fraction of the federal credit for elderly or the disabled. 
+values:
+  2022-01-01: 0.24
+metadata:
+  unit: /1
+  label: Vermont elderly or the disabled tax credit match
+  reference:
+    - title: Vermont - Department of Taxes - Tax Credits and Adjustments for Individuals - Elderly or Permanently Totally Disabled Tax Credit
+      href: https://tax.vermont.gov/individuals/personal-income-tax/tax-credits

policyengine_us/tests/policy/baseline/gov/states/vt/agi/subtractions/vt_elderly_or_disabled_exclusion/vt_elderly_or_disabled_credit_exclusion.yaml

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+- name: Vermont elderly or disabled credit exclusion for eligible filer
+  period: 2022
+  input:
+    vt_elderly_or_disabled_credit_exclusion_eligible: true
+    elderly_disabled_credit: 1_000
+    state_code: VT
+  output:
+    vt_elderly_or_disabled_credit_exclusion: 240 # 1000*0.24
+
+- name: Vermont elderly or disabled credit exclusion for ineligible filer
+  period: 2022
+  input:
+    vt_elderly_or_disabled_credit_exclusion_eligible: false
+    elderly_disabled_credit: 1_000
+    state_code: VT
+  output:
+    vt_elderly_or_disabled_credit_exclusion: 0