From 61e26f68ac08175bced588de9ca090a2d3a702a7 Mon Sep 17 00:00:00 2001 From: PavelMakarchuk Date: Wed, 25 Sep 2024 14:50:42 +0200 Subject: [PATCH 1/7] Apply the TCJA mortgage interest deduction limits Fixes #5128 --- changelog_entry.yaml | 4 ++++ .../itemized/interest/mortgage/cap.yaml | 24 ++++++++++++++----- .../household/expense/interest_expense.yaml | 19 +++++++++++++++ .../expense/person/interest_expense.py | 10 +++++++- 4 files changed, 50 insertions(+), 7 deletions(-) create mode 100644 policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml diff --git a/changelog_entry.yaml b/changelog_entry.yaml index e69de29bb2d..f80a269810f 100644 --- a/changelog_entry.yaml +++ b/changelog_entry.yaml @@ -0,0 +1,4 @@ +- bump: minor + changes: + added: + - Apply the TCJA mortgage interest deduction limits. diff --git a/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml b/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml index 2f371e152fd..3701a2d6501 100644 --- a/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml +++ b/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml @@ -1,21 +1,33 @@ description: IRS limits the total home mortgage interest deduction to this amount, based on filing status. SINGLE: - 2018-01-01: 1_000_000 + 2017-01-01: 1_000_000 + 2018-01-01: 750_000 + 2026-01-01: 1_000_000 JOINT: - 2018-01-01: 1_000_000 + 2017-01-01: 1_000_000 + 2018-01-01: 750_000 + 2026-01-01: 1_000_000 SEPARATE: - 2018-01-01: 500_000 + 2017-01-01: 500_000 + 2018-01-01: 375_000 + 2026-01-01: 500_000 HEAD_OF_HOUSEHOLD: - 2018-01-01: 1_000_000 + 2017-01-01: 1_000_000 + 2018-01-01: 750_000 + 2026-01-01: 1_000_000 SURVIVING_SPOUSE: - 2018-01-01: 1_000_000 + 2017-01-01: 1_000_000 + 2018-01-01: 750_000 + 2026-01-01: 1_000_000 metadata: breakdown: filing_status unit: currency-USD + period: year label: IRS home mortgage interest deduction amount cap reference: # Hawaii applies this AGI threshold in the state itemized deductions computation - title: Hawaii Income Tax Law, Chapter 235, Section 235-2.4, (j)(3) href: https://files.hawaii.gov/tax/legal/hrs/hrs_235.pdf#page=10 - - title: 26 U.S. Code § 163 - Interest, (h)(3)(F) + # TCJA adjustemnts described in (h)(3)(F)(i)(II) + - title: 26 U.S. Code § 163 - Interest, (h)(3)(b)(ii) href: https://www.law.cornell.edu/uscode/text/26/163 diff --git a/policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml b/policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml new file mode 100644 index 00000000000..3ed419d6417 --- /dev/null +++ b/policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml @@ -0,0 +1,19 @@ +- name: Capped mortageg interest, joint + absolute_error_margin: 0.01 + period: 2021 + input: + mortgage_interest: 1_200_000 + filing_status: JOINT + non_mortgage_interest: 0 + output: + interest_expense: 750_000 + +- name: Uncapped mortageg interest, joint + absolute_error_margin: 0.01 + period: 2021 + input: + mortgage_interest: 700_000 + filing_status: JOINT + non_mortgage_interest: 100_000 + output: + interest_expense: 800_000 diff --git a/policyengine_us/variables/household/expense/person/interest_expense.py b/policyengine_us/variables/household/expense/person/interest_expense.py index f7426a9f881..d4ae880a19b 100644 --- a/policyengine_us/variables/household/expense/person/interest_expense.py +++ b/policyengine_us/variables/household/expense/person/interest_expense.py @@ -7,4 +7,12 @@ class interest_expense(Variable): label = "Interest paid on all loans" unit = USD definition_period = YEAR - adds = ["mortgage_interest", "non_mortgage_interest"] + + def formula(person, period, parameters): + p = parameters(period).gov.irs.deductions.itemized.interest.mortgage + mortgage_interest = person("mortgage_interest", period) + filing_status = person.tax_unit("filing_status", period) + cap = p.cap[filing_status] + capped_mortgage_interest = min_(mortgage_interest, cap) + non_mortgage_interest = person("non_mortgage_interest", period) + return capped_mortgage_interest + non_mortgage_interest From 24bb6bb729442d8f82cf00ecd38230abb5f7711a Mon Sep 17 00:00:00 2001 From: PavelMakarchuk Date: Thu, 26 Sep 2024 21:35:12 +0200 Subject: [PATCH 2/7] adjust formula --- .../household/expense/interest_expense.yaml | 19 ------------------- .../expense/person/interest_expense.py | 9 +-------- 2 files changed, 1 insertion(+), 27 deletions(-) delete mode 100644 policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml diff --git a/policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml b/policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml deleted file mode 100644 index 3ed419d6417..00000000000 --- a/policyengine_us/tests/policy/baseline/household/expense/interest_expense.yaml +++ /dev/null @@ -1,19 +0,0 @@ -- name: Capped mortageg interest, joint - absolute_error_margin: 0.01 - period: 2021 - input: - mortgage_interest: 1_200_000 - filing_status: JOINT - non_mortgage_interest: 0 - output: - interest_expense: 750_000 - -- name: Uncapped mortageg interest, joint - absolute_error_margin: 0.01 - period: 2021 - input: - mortgage_interest: 700_000 - filing_status: JOINT - non_mortgage_interest: 100_000 - output: - interest_expense: 800_000 diff --git a/policyengine_us/variables/household/expense/person/interest_expense.py b/policyengine_us/variables/household/expense/person/interest_expense.py index d4ae880a19b..1c50833d4d9 100644 --- a/policyengine_us/variables/household/expense/person/interest_expense.py +++ b/policyengine_us/variables/household/expense/person/interest_expense.py @@ -8,11 +8,4 @@ class interest_expense(Variable): unit = USD definition_period = YEAR - def formula(person, period, parameters): - p = parameters(period).gov.irs.deductions.itemized.interest.mortgage - mortgage_interest = person("mortgage_interest", period) - filing_status = person.tax_unit("filing_status", period) - cap = p.cap[filing_status] - capped_mortgage_interest = min_(mortgage_interest, cap) - non_mortgage_interest = person("non_mortgage_interest", period) - return capped_mortgage_interest + non_mortgage_interest + adds = ["mortgage_interest", "non_mortgage_interest"] \ No newline at end of file From 71108be350de76407fa22f25aad59e7dfa536842 Mon Sep 17 00:00:00 2001 From: PavelMakarchuk Date: Thu, 26 Sep 2024 21:35:26 +0200 Subject: [PATCH 3/7] format --- .../variables/household/expense/person/interest_expense.py | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/policyengine_us/variables/household/expense/person/interest_expense.py b/policyengine_us/variables/household/expense/person/interest_expense.py index 1c50833d4d9..5fae97619db 100644 --- a/policyengine_us/variables/household/expense/person/interest_expense.py +++ b/policyengine_us/variables/household/expense/person/interest_expense.py @@ -8,4 +8,4 @@ class interest_expense(Variable): unit = USD definition_period = YEAR - adds = ["mortgage_interest", "non_mortgage_interest"] \ No newline at end of file + adds = ["mortgage_interest", "non_mortgage_interest"] From bb16ce91cb2698299c37a820cb57a7e10e6937a7 Mon Sep 17 00:00:00 2001 From: PavelMakarchuk Date: Mon, 30 Sep 2024 10:43:09 +0800 Subject: [PATCH 4/7] value in desc. and label --- changelog_entry.yaml | 2 +- .../gov/irs/deductions/itemized/interest/mortgage/cap.yaml | 4 ++-- 2 files changed, 3 insertions(+), 3 deletions(-) diff --git a/changelog_entry.yaml b/changelog_entry.yaml index f80a269810f..e30e8f0e935 100644 --- a/changelog_entry.yaml +++ b/changelog_entry.yaml @@ -1,4 +1,4 @@ - bump: minor changes: added: - - Apply the TCJA mortgage interest deduction limits. + - Apply the TCJA mortgage value limits under the mortgage interest deduction. diff --git a/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml b/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml index 3701a2d6501..050de0feeb2 100644 --- a/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml +++ b/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml @@ -1,4 +1,4 @@ -description: IRS limits the total home mortgage interest deduction to this amount, based on filing status. +description: IRS limits the total home mortgage value to this amount, based on filing status under the mortgage interest deduction. SINGLE: 2017-01-01: 1_000_000 2018-01-01: 750_000 @@ -23,7 +23,7 @@ metadata: breakdown: filing_status unit: currency-USD period: year - label: IRS home mortgage interest deduction amount cap + label: IRS home mortgage value cap reference: # Hawaii applies this AGI threshold in the state itemized deductions computation - title: Hawaii Income Tax Law, Chapter 235, Section 235-2.4, (j)(3) From 4b75b44dd1ba2d5fb043781f9f80e653d9d6cf04 Mon Sep 17 00:00:00 2001 From: PavelMakarchuk Date: Wed, 16 Oct 2024 19:57:28 +0700 Subject: [PATCH 5/7] new var --- .../deductions/itemized/interest/mortgage/cap.yaml | 2 +- .../expense/person/deductable_mortgage_interest.py | 12 ++++++++++++ .../household/expense/person/interest_expense.py | 2 +- 3 files changed, 14 insertions(+), 2 deletions(-) create mode 100644 policyengine_us/variables/household/expense/person/deductable_mortgage_interest.py diff --git a/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml b/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml index 050de0feeb2..fbaf727f974 100644 --- a/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml +++ b/policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml @@ -1,4 +1,4 @@ -description: IRS limits the total home mortgage value to this amount, based on filing status under the mortgage interest deduction. +description: The IRS allows an itemized deduction for interest paid on mortgages up to this amount, based on filing status. SINGLE: 2017-01-01: 1_000_000 2018-01-01: 750_000 diff --git a/policyengine_us/variables/household/expense/person/deductable_mortgage_interest.py b/policyengine_us/variables/household/expense/person/deductable_mortgage_interest.py new file mode 100644 index 00000000000..6a602e04ea9 --- /dev/null +++ b/policyengine_us/variables/household/expense/person/deductable_mortgage_interest.py @@ -0,0 +1,12 @@ +from policyengine_us.model_api import * + + +class deductable_mortgage_interest(Variable): + value_type = float + entity = Person + label = "Deductable mortgage interest" + documentation = "Under the interest deduction, the US caps the mortgage value to which interest is applied which based on the year of purchase not tax year." + unit = USD + definition_period = YEAR + + # This is a placeholder variable until we can implement the full mortgage interest deduction logic diff --git a/policyengine_us/variables/household/expense/person/interest_expense.py b/policyengine_us/variables/household/expense/person/interest_expense.py index 5fae97619db..54c174c96fd 100644 --- a/policyengine_us/variables/household/expense/person/interest_expense.py +++ b/policyengine_us/variables/household/expense/person/interest_expense.py @@ -8,4 +8,4 @@ class interest_expense(Variable): unit = USD definition_period = YEAR - adds = ["mortgage_interest", "non_mortgage_interest"] + adds = ["deductable_mortgage_interest", "non_mortgage_interest"] From 8a6e454419a49557bcc3cda47c98268f8f43d93c Mon Sep 17 00:00:00 2001 From: PavelMakarchuk Date: Wed, 16 Oct 2024 21:08:45 +0700 Subject: [PATCH 6/7] test fix --- .../policy/baseline/gov/states/de/tax/income/integration.yaml | 2 +- .../policy/baseline/gov/states/id/tax/income/integration.yaml | 2 +- .../policy/baseline/gov/states/ky/tax/income/integration.yaml | 4 ++-- .../states/ms/tax/income/deductions/itemized/integration.yaml | 2 +- .../tax/income/deductions/va_reduced_itemized_deductions.yaml | 2 +- .../policy/baseline/gov/states/va/tax/income/integration.yaml | 2 +- 6 files changed, 7 insertions(+), 7 deletions(-) diff --git a/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml index d323780686e..fddb2a60601 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml @@ -241,7 +241,7 @@ taxable_private_pension_income: 4000 social_security_retirement: 12000 real_estate_taxes: 2000 - mortgage_interest: 1000 + deductable_mortgage_interest: 1000 self_employment_income: 121010 business_is_qualified: true business_is_sstb: false diff --git a/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml index cfcdb32f2c8..ceed723a8e6 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml @@ -106,7 +106,7 @@ rental_income: 1005 taxable_private_pension_income: 2500 real_estate_taxes: 4000 - mortgage_interest: 36000 + deductable_mortgage_interest: 36000 self_employment_income: 127010 business_is_qualified: true business_is_sstb: false diff --git a/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml index 2915c9f8ea5..6df25b37e32 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml @@ -275,11 +275,11 @@ person1: age: 50 employment_income: 80_000 - mortgage_interest: 3_000 + deductable_mortgage_interest: 3_000 person2: age: 50 employment_income: 20_000 - mortgage_interest: 3_000 + deductable_mortgage_interest: 3_000 tax_units: tax_unit: members: [person1, person2] diff --git a/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml index 23a03247301..5fe61538151 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml @@ -3,7 +3,7 @@ period: 2021 input: real_estate_taxes: 12_000 - mortgage_interest: 36_000 + deductable_mortgage_interest: 36_000 state_fips: 28 # MS output: # expected results from filling out 2021 MS form 80-108 ms_itemized_deductions_unit: 46_000 diff --git a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml index f25847088c0..83a41af2897 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml @@ -26,7 +26,7 @@ filing_status: JOINT adjusted_gross_income: 364_695 state_and_local_sales_or_income_tax: 19_956 - mortgage_interest: 36_000 + deductable_mortgage_interest: 36_000 state_code: VA output: va_reduced_itemized_deductions: 35_282 diff --git a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml index c9b1f690442..fc5c6caf7fe 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml @@ -91,7 +91,7 @@ long_term_capital_gains: 1005.0 rental_income: 2505.0 real_estate_taxes: 24000 - mortgage_interest: 14000 + deductable_mortgage_interest: 14000 self_employment_income: 141010 business_is_qualified: true business_is_sstb: false From 906e7d2f1fdbba09e787e3e0afd2c67b6702d858 Mon Sep 17 00:00:00 2001 From: PavelMakarchuk Date: Wed, 4 Dec 2024 16:04:03 -0500 Subject: [PATCH 7/7] format --- .../policy/baseline/gov/states/de/tax/income/integration.yaml | 2 +- .../policy/baseline/gov/states/id/tax/income/integration.yaml | 2 +- .../policy/baseline/gov/states/ky/tax/income/integration.yaml | 4 ++-- .../states/ms/tax/income/deductions/itemized/integration.yaml | 2 +- .../tax/income/deductions/va_reduced_itemized_deductions.yaml | 2 +- .../policy/baseline/gov/states/va/tax/income/integration.yaml | 2 +- ...e_mortgage_interest.py => deductible_mortgage_interest.py} | 4 ++-- .../variables/household/expense/person/interest_expense.py | 2 +- 8 files changed, 10 insertions(+), 10 deletions(-) rename policyengine_us/variables/household/expense/person/{deductable_mortgage_interest.py => deductible_mortgage_interest.py} (81%) diff --git a/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml index fddb2a60601..6e365931881 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/de/tax/income/integration.yaml @@ -241,7 +241,7 @@ taxable_private_pension_income: 4000 social_security_retirement: 12000 real_estate_taxes: 2000 - deductable_mortgage_interest: 1000 + deductible_mortgage_interest: 1000 self_employment_income: 121010 business_is_qualified: true business_is_sstb: false diff --git a/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml index ceed723a8e6..97939484794 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/id/tax/income/integration.yaml @@ -106,7 +106,7 @@ rental_income: 1005 taxable_private_pension_income: 2500 real_estate_taxes: 4000 - deductable_mortgage_interest: 36000 + deductible_mortgage_interest: 36000 self_employment_income: 127010 business_is_qualified: true business_is_sstb: false diff --git a/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml index 6df25b37e32..02bf191062e 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/ky/tax/income/integration.yaml @@ -275,11 +275,11 @@ person1: age: 50 employment_income: 80_000 - deductable_mortgage_interest: 3_000 + deductible_mortgage_interest: 3_000 person2: age: 50 employment_income: 20_000 - deductable_mortgage_interest: 3_000 + deductible_mortgage_interest: 3_000 tax_units: tax_unit: members: [person1, person2] diff --git a/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml index 5fe61538151..1793250a106 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/ms/tax/income/deductions/itemized/integration.yaml @@ -3,7 +3,7 @@ period: 2021 input: real_estate_taxes: 12_000 - deductable_mortgage_interest: 36_000 + deductible_mortgage_interest: 36_000 state_fips: 28 # MS output: # expected results from filling out 2021 MS form 80-108 ms_itemized_deductions_unit: 46_000 diff --git a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml index ff21e7daf3e..80257f26b5c 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/deductions/va_reduced_itemized_deductions.yaml @@ -36,7 +36,7 @@ filing_status: JOINT adjusted_gross_income: 364_695 state_and_local_sales_or_income_tax: 19_956 - deductable_mortgage_interest: 36_000 + deductible_mortgage_interest: 36_000 state_code: VA output: va_reduced_itemized_deductions: 35_282 diff --git a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml index 0e738ca4688..9ffd6bc9db0 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/va/tax/income/integration.yaml @@ -91,7 +91,7 @@ long_term_capital_gains: 1005.0 rental_income: 2505.0 real_estate_taxes: 24000 - deductable_mortgage_interest: 14000 + deductible_mortgage_interest: 14000 self_employment_income: 141010 business_is_qualified: true business_is_sstb: false diff --git a/policyengine_us/variables/household/expense/person/deductable_mortgage_interest.py b/policyengine_us/variables/household/expense/person/deductible_mortgage_interest.py similarity index 81% rename from policyengine_us/variables/household/expense/person/deductable_mortgage_interest.py rename to policyengine_us/variables/household/expense/person/deductible_mortgage_interest.py index 6a602e04ea9..0c0aa4d5720 100644 --- a/policyengine_us/variables/household/expense/person/deductable_mortgage_interest.py +++ b/policyengine_us/variables/household/expense/person/deductible_mortgage_interest.py @@ -1,10 +1,10 @@ from policyengine_us.model_api import * -class deductable_mortgage_interest(Variable): +class deductible_mortgage_interest(Variable): value_type = float entity = Person - label = "Deductable mortgage interest" + label = "Deductible mortgage interest" documentation = "Under the interest deduction, the US caps the mortgage value to which interest is applied which based on the year of purchase not tax year." unit = USD definition_period = YEAR diff --git a/policyengine_us/variables/household/expense/person/interest_expense.py b/policyengine_us/variables/household/expense/person/interest_expense.py index 54c174c96fd..05707a3b55b 100644 --- a/policyengine_us/variables/household/expense/person/interest_expense.py +++ b/policyengine_us/variables/household/expense/person/interest_expense.py @@ -8,4 +8,4 @@ class interest_expense(Variable): unit = USD definition_period = YEAR - adds = ["deductable_mortgage_interest", "non_mortgage_interest"] + adds = ["deductible_mortgage_interest", "non_mortgage_interest"]