Policy parameters#
This section contains documentation of policy parameters in a format that is
easy to search and print.
The policy parameters are grouped here as they are are in the
Tax-Brain webapp.
Parameters understood by Tax-Calculator and the tc CLI,
but not available on Tax-Brain,
are placed in an Other Parameters group at the end of the section.
Parameter Indexing#
Offsets#
parameter_indexing_CPI_offset#
Description: Values are zero before 2017; reforms that introduce indexing with chained CPI would have values around -0.0025 beginning in the year before the first year policy parameters will have values computed with chained CPI. Notes: See April 2013 CBO report entitled ‘What Would Be the Effect on the Deficit of Using the Chained CPI to Index Benefit Programs and the Tax Code?’, which includes this: ‘The chained CPI grows more slowly than the traditional CPI does: an average of about 0.25 percentage points more slowly per year over the past decade.’ https://www.cbo.gov/publication/44089 Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: -0.0025 2018: -0.0025 2019: -0.0025 2020: -0.0025 2021: -0.0025 2022: -0.0025 2023: -0.0025 2024: -0.0025 2025: -0.0025 2026: -0.0025 Valid Range: min = -0.005 and max = 0.005 Out-of-Range Action: error
Payroll Taxes#
Additional Medicare FICA#
AMEDT_ec#
Description: The Additional Medicare Tax rate, AMEDT_rt, applies to all earnings in excess of this excluded amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [200000.0, 250000.0, 125000.0, 200000.0, 200000.0] 2014: [200000.0, 250000.0, 125000.0, 200000.0, 200000.0] 2015: [200000.0, 250000.0, 125000.0, 200000.0, 200000.0] 2016: [200000.0, 250000.0, 125000.0, 200000.0, 200000.0] 2017: [200000.0, 250000.0, 125000.0, 200000.0, 200000.0] 2018: [200000.0, 250000.0, 125000.0, 200000.0, 200000.0] 2019: [200000.0, 250000.0, 125000.0, 200000.0, 200000.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
AMEDT_rt#
Description: This is the rate applied to the portion of Medicare wages, RRTA compensation and self-employment income exceeding the Additional Medicare Tax earning exclusion. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.009 2014: 0.009 2015: 0.009 2016: 0.009 2017: 0.009 2018: 0.009 2019: 0.009 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Medicare FICA#
FICA_mc_trt_employer#
Description: Employer side Medicare FICA rate.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 0.0145
2014: 0.0145
2015: 0.0145
2016: 0.0145
2017: 0.0145
2018: 0.0145
2019: 0.0145
Valid Range: min = 0 and max = 1
Out-of-Range Action: error
FICA_mc_trt_employee#
Description: Employee side Medicare FICA rate.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 0.0145
2014: 0.0145
2015: 0.0145
2016: 0.0145
2017: 0.0145
2018: 0.0145
2019: 0.0145
Valid Range: min = 0 and max = 1
Out-of-Range Action: error
Above The Line Deductions#
Child And Elderly Care#
ALD_Dependents_hc#
Description: This decimal fraction, if greater than zero, reduces the portion of childcare costs that can be deducted from AGI. Notes: The final adjustment would be (1-Haircut)*AverageChildcareCosts. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_Dependents_Child_c#
Description: The weighted average of childcare costs in the US. 7165 is the weighted average from the ‘Child Care in America: 2016 State Fact Sheets’. Notes: This is a weighted average of childcare costs in each state Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ALD_Dependents_Elder_c#
Description: A taxpayer can take an above the line deduction up to this amount if they have an elderly dependent. The Trump 2016 campaign proposal was for $5000. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ALD_Dependents_thd#
Description: A taxpayer can only claim the dependent care deduction if their total income is below this level. The Trump 2016 campaign proposal was for 250000 single, 500000 joint, 250000 separate, 500000 head of household]. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Misc. Adjustment Haircuts#
ALD_StudentLoan_hc#
Description: This decimal fraction can be applied to limit the student loan interest adjustment allowed. Notes: The final adjustment amount will be (1-Haircut)*StudentLoanInterest. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_SelfEmploymentTax_hc#
Description: This decimal fraction, if greater than zero, reduces the employer equivalent portion of self-employment adjustment. Notes: The final adjustment amount would be (1-Haircut)*SelfEmploymentTaxAdjustment. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_SelfEmp_HealthIns_hc#
Description: This decimal fraction, if greater than zero, reduces the health insurance adjustment for self-employed taxpayers. Notes: The final adjustment amount would be (1-Haircut)*SelfEmployedHealthInsuranceAdjustment. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_KEOGH_SEP_hc#
Description: Under current law, contributions to Keogh or SEP plans can be fully deducted from gross income. This haircut can be used to limit the adjustment allowed. Notes: The final adjustment amount is (1-Haircut)*KEOGH_SEP_Contributinos. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_EarlyWithdraw_hc#
Description: Under current law, early withdraw penalty can be fully deducted from gross income. This haircut can be used to limit the adjustment allowed. Notes: The final adjustment amount is (1-Haircut)*EarlyWithdrawPenalty. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_AlimonyPaid_hc#
Description: Under pre-TCJA law, the full amount of alimony paid is taken as an adjustment from gross income in arriving at AGI. This haircut can be used to change the deduction allowed. Notes: The final adjustment amount would be (1-Haircut)*AlimonyPaid. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 1.0 2020: 1.0 2021: 1.0 2022: 1.0 2023: 1.0 2024: 1.0 2025: 1.0 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_AlimonyReceived_hc#
Description: Under pre-TCJA law, none of alimony received is taken as an adjustment from gross income in arriving at AGI. This haircut can be used to change the deduction allowed. Notes: The final adjustment amount would be (1-Haircut)*AlimonyReceived. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 0.0 2020: 0.0 2021: 0.0 2022: 0.0 2023: 0.0 2024: 0.0 2025: 0.0 2026: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_EducatorExpenses_hc#
Description: If greater than zero, this decimal fraction reduces the portion of educator expenses that can be deducted from AGI. Notes: The final adjustment amount would be (1-Haircut)*EducatorExpenses. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_HSADeduction_hc#
Description: If greater than zero, this decimal fraction reduces the portion of a taxpayer’s HSA deduction that can be deducted from AGI. Notes: The final adjustment amount would be (1-Haircut)*HSA_Deduction. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_IRAContributions_hc#
Description: If greater than zero, this decimal fraction reduces the portion of IRA contributions that can be deducted from AGI. Notes: The final adjustment amount would be (1-Haircut)*IRA_Contribution. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_DomesticProduction_hc#
Description: If greater than zero, this decimal fraction reduces the portion of domestic production activity that can be deducted from AGI. Notes: The final adjustment amount would be (1-Haircut)*DomesticProductionActivity. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 1.0 2019: 1.0 2020: 1.0 2021: 1.0 2022: 1.0 2023: 1.0 2024: 1.0 2025: 1.0 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_Tuition_hc#
Description: If greater than zero, this decimal fraction reduces the portion of tuition and fees that can be deducted from AGI. Notes: The final adjustment amount would be (1-Haircut)*TuitionFees. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Misc. Exclusions#
ALD_InvInc_ec_rt#
Description: Decimal fraction of investment income base that can be excluded from AGI. Notes: The final taxable investment income will be (1-_ALD_InvInc_ec_rt)*investment_income_base. Even though the excluded portion of investment income is not included in AGI, it still is included in investment income used to calculate the Net Investment Income Tax and Earned Income Tax Credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ALD_BusinessLosses_c#
Description: Business losses in excess of this amount may not be deducted from AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [250000.0, 500000.0, 250000.0, 250000.0, 500000.0] 2019: [255000.0, 510000.0, 255000.0, 255000.0, 510000.0] 2020: [258927.0, 517854.0, 258927.0, 258927.0, 517854.0] 2021: [260817.17, 521634.33, 260817.17, 260817.17, 521634.33] 2022: [263294.93, 526589.86, 263294.93, 263294.93, 526589.86] 2023: [267454.99, 534909.98, 267454.99, 267454.99, 534909.98] 2024: [272616.87, 545233.74, 272616.87, 272616.87, 545233.74] 2025: [278069.21, 556138.41, 278069.21, 278069.21, 556138.41] 2026: [283535.22, 567070.42, 283535.22, 283535.22, 567070.42] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Personal Exemptions#
Personal And Dependent Exemption Amount#
II_em#
Description: Subtracted from AGI in the calculation of taxable income, per taxpayer and dependent. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 3900.0 2014: 3950.0 2015: 4000.0 2016: 4050.0 2017: 4050.0 2018: 0.0 2019: 0.0 2020: 0.0 2021: 0.0 2022: 0.0 2023: 0.0 2024: 0.0 2025: 0.0 2026: 4691.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Personal Exemption Phaseout Rate#
II_prt#
Description: Personal exemption amount will decrease by this rate for each dollar of AGI exceeding exemption phaseout start. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.02 2014: 0.02 2015: 0.02 2016: 0.02 2017: 0.02 2018: 0.02 2019: 0.02 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Repeal for Dependents Under Age 18#
II_no_em_nu18#
Description: Total personal exemptions will be decreased by the number of dependents under the age of 18. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
Standard Deduction#
Additional Standard Deduction For Blind And Aged#
STD_Aged#
Description: To get the standard deduction for aged or blind individuals, taxpayers need to add this value to regular standard deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [1500.0, 1200.0, 1200.0, 1500.0, 1200.0] 2014: [1550.0, 1200.0, 1200.0, 1550.0, 1200.0] 2015: [1550.0, 1250.0, 1250.0, 1550.0, 1250.0] 2016: [1550.0, 1250.0, 1250.0, 1550.0, 1250.0] 2017: [1550.0, 1250.0, 1250.0, 1550.0, 1250.0] 2018: [1600.0, 1300.0, 1300.0, 1600.0, 1300.0] 2019: [1650.0, 1300.0, 1300.0, 1650.0, 1300.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Standard Deduction Amount#
STD#
Description: Amount filing unit can use as a standard deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [6100.0, 12200.0, 6100.0, 8950.0, 12200.0] 2014: [6200.0, 12400.0, 6200.0, 9100.0, 12400.0] 2015: [6300.0, 12600.0, 6300.0, 9250.0, 12600.0] 2016: [6300.0, 12600.0, 6300.0, 9300.0, 12600.0] 2017: [6350.0, 12700.0, 6350.0, 9350.0, 12700.0] 2018: [12000.0, 24000.0, 12000.0, 18000.0, 24000.0] 2019: [12200.0, 24400.0, 12200.0, 18350.0, 24400.0] 2020: [12387.88, 24775.76, 12387.88, 18632.59, 24775.76] 2021: [12478.31, 24956.62, 12478.31, 18768.61, 24956.62] 2022: [12596.85, 25193.71, 12596.85, 18946.91, 25193.71] 2023: [12795.88, 25591.77, 12795.88, 19246.27, 25591.77] 2024: [13042.84, 26085.69, 13042.84, 19617.72, 26085.69] 2025: [13303.7, 26607.4, 13303.7, 20010.07, 26607.4] 2026: [7355.0, 14711.0, 7355.0, 10831.0, 14711.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Nonrefundable Credits#
Child And Dependent Care#
CDCC_c#
Description: The maximum amount of expenses allowed for each qualifying dependent.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: True Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 3000.0
2014: 3000.0
2015: 3000.0
2016: 3000.0
2017: 3000.0
2018: 3000.0
2019: 3000.0
Valid Range: min = 0 and max = 9e+99
Out-of-Range Action: error
CDCC_ps#
Description: For taxpayers with AGI over this amount, the rate of the credit is reduced by one percentage point each $2,000 of AGI over this amount.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: True Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 15000.0
2014: 15000.0
2015: 15000.0
2016: 15000.0
2017: 15000.0
2018: 15000.0
2019: 15000.0
Valid Range: min = 0 and max = 9e+99
Out-of-Range Action: error
CDCC_ps2#
Description: For taxpayers with AGI over this amount, the rate of the credit is reduced by one percentage point each \(2,000 of AGI over this amount.
_Notes:_ For 2021, the American Rescue Plan Act set this to \)400,000. In other years, this phase-out does not apply.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: True Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 9e+99
2014: 9e+99
2015: 9e+99
2016: 9e+99
2017: 9e+99
2018: 9e+99
2019: 9e+99
Valid Range: min = 0 and max = 9e+99
Out-of-Range Action: error
CDCC_crt#
Description: The maximum rate for the CDCC; this rate decreases as AGI rises above the CDCC_ps level.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 0.35
2014: 0.35
2015: 0.35
2016: 0.35
2017: 0.35
2018: 0.35
2019: 0.35
Valid Range: min = 0 and max = 1
Out-of-Range Action: error
CDCC_frt#
Description: The minimum rate for the first AGI phaseout of the CDCC.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 0.20
2014: 0.20
2015: 0.20
2016: 0.20
2017: 0.20
2018: 0.20
2019: 0.20
Valid Range: min = 0 and max = 1
Out-of-Range Action: error
CDCC_prt#
Description: The CDCC credit rate is reduced by this many percentage points for each dollar of AGI over the phase-out thresholds.
Notes: In the law, the credit rate is reduced by 1 percentage point for every $2,000 of AGI over the limit.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 0.0005
2014: 0.0005
2015: 0.0005
2016: 0.0005
2017: 0.0005
2018: 0.0005
2019: 0.0005
Valid Range: min = 0 and max = 1
Out-of-Range Action: error
CDCC_refundable#
Description: If true, the CDCC is fully refundable.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: bool
Known Values:
2013: False
2014: False
2015: False
2016: False
2017: False
2018: False
2019: False
Valid Range: min = False and max = True
Out-of-Range Action: error
Misc. Credit Limits#
CR_RetirementSavings_hc#
Description: If greater than zero, this decimal fraction reduces the portion of the retirement savings credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*RetirementSavingsCredit. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_ForeignTax_hc#
Description: If greater than zero, this decimal fraction reduces the portion of the foreign tax credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*ForeignTaxCredit. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_ResidentialEnergy_hc#
Description: If greater than zero, this decimal fraction reduces the portion of the residential energy credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*ResidentialEnergyCredit. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_GeneralBusiness_hc#
Description: If greater than zero, this decimal fraction reduces the portion of the general business credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*GeneralBusinessCredit. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_MinimumTax_hc#
Description: If greater than zero, this decimal fraction reduces the portion of the previous year minimum tax credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*PreviousYearMinimumTaxCredit. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_AmOppRefundable_hc#
Description: If greater than zero, this decimal fraction reduces the portion of the refundable American Opportunity credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*RefundablePortionOfAmericanOpportunityCredit. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_AmOppNonRefundable_hc#
Description: If greater than zero, this decimal fraction reduces the portion of the nonrefundable American Opportunity credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*NonRefundablePortionOfAmericanOpportunityCredit. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_SchR_hc#
Description: If greater than zero, this decimal fraction reduces the portion of Schedule R credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*ScheduleRCredit Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_OtherCredits_hc#
Description: If greater than zero, this decimal fraction reduces the portion of other credit that can be claimed. Notes: Credit claimed will be (1-Haircut)*OtherCredits. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_Education_hc#
Description: If greater than zero, this decimal fraction reduces the portion of education credits that can be claimed. Notes: Credit claimed will be (1-Haircut)*EducationCredits. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Personal Nonrefundable Credit#
II_credit_nr#
Description: This credit amount is not refundable and is phased out based on AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
II_credit_nr_ps#
Description: The personal nonrefundable credit amount will be reduced for taxpayers with AGI higher than this threshold level. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
II_credit_nr_prt#
Description: The personal nonrefundable credit amount will be reduced at this rate for each dollar of AGI exceeding the II_credit_nr_ps threshold. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Child/Dependent Credits#
Additional Child Tax Credit#
ACTC_c#
Description: This refundable credit is applied to child dependents and phases out exactly like the CTC amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 1000.0 2014: 1000.0 2015: 1000.0 2016: 1000.0 2017: 1000.0 2018: 1400.0 2019: 1400.0 2020: 1400.0 2021: 1400.0 2022: 1500.0 2023: 1500.0 2024: 1500.0 2025: 1600.0 2026: 1000.0 Valid Range: min = 0 and max = CTC_c Out-of-Range Action: error
ACTC_rt#
Description: This is the fraction of earnings used in calculating the ACTC, which is a partially refundable credit that supplements the CTC for some taxpayers. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.15 2014: 0.15 2015: 0.15 2016: 0.15 2017: 0.15 2018: 0.15 2019: 0.15 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ACTC_rt_bonus_under6family#
Description: For families with qualifying children under 6 years old, this bonus rate is added to the fraction of earnings (additional child tax credit rate) used in calculating the ACTC. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ACTC_Income_thd#
Description: The portion of earned income below this threshold does not count as base for the Additional Child Tax Credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 3000.0 2014: 3000.0 2015: 3000.0 2016: 3000.0 2017: 3000.0 2018: 2500.0 2019: 2500.0 2020: 2500.0 2021: 2500.0 2022: 2500.0 2023: 2500.0 2024: 2500.0 2025: 2500.0 2026: 3000.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ACTC_ChildNum#
Description: Families with this number of qualified children or more may qualify for a different formula to calculate the Additional Child Tax Credit, which is a partially refundable credit that supplements the Child Tax Credit for some taxpayers. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: int Known Values: 2013: 3 2014: 3 2015: 3 2016: 3 2017: 3 2018: 3 2019: 3 Valid Range: min = 0 and max = 99 Out-of-Range Action: error
Child Tax Credit#
CTC_c#
Description: The maximum nonrefundable credit allowed for each child. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 1000.0 2014: 1000.0 2015: 1000.0 2016: 1000.0 2017: 1000.0 2018: 2000.0 2019: 2000.0 2020: 2000.0 2021: 2000.0 2022: 2000.0 2023: 2000.0 2024: 2000.0 2025: 2000.0 2026: 1000.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_c_under6_bonus#
Description: The maximum amount of child tax credit allowed for each child is increased by this amount for qualifying children under 6 years old. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_include17#
Description: If true, children eligible for the child tax credit include those of age 17. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
CTC_refundable#
Description: If true, the child tax credit is made fully refundable. Notes: If true, the Additional Child Tax Credit is not used. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
CTC_ps#
Description: Child tax credit begins to decrease when MAGI is above this level; read descriptions of the dependent credit amounts for how they phase out when MAGI is above this level. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [75000.0, 110000.0, 55000.0, 75000.0, 75000.0] 2014: [75000.0, 110000.0, 55000.0, 75000.0, 75000.0] 2015: [75000.0, 110000.0, 55000.0, 75000.0, 75000.0] 2016: [75000.0, 110000.0, 55000.0, 75000.0, 75000.0] 2017: [75000.0, 110000.0, 55000.0, 75000.0, 75000.0] 2018: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2019: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2020: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2021: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2022: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2023: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2024: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2025: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2026: [75000.0, 110000.0, 55000.0, 75000.0, 75000.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_prt#
Description: The amount of the credit starts to decrease at this rate if MAGI is higher than child tax credit phaseout start. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.05 2014: 0.05 2015: 0.05 2016: 0.05 2017: 0.05 2018: 0.05 2019: 0.05 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Other Dependent Tax Credit#
ODC_c#
Description: This nonrefundable credit is applied to non-child dependents and phases out along with the CTC amount. Notes: Became current-law policy with passage of TCJA Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 500.0 2019: 500.0 2020: 500.0 2021: 500.0 2022: 500.0 2023: 500.0 2024: 500.0 2025: 500.0 2026: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ODC_refundable#
Description: If true, the other dependent tax credit is made fully refundable. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
Itemized Deductions#
Casualty#
ID_Casualty_frt#
Description: Taxpayers are eligible to deduct the portion of their gross casualty losses exceeding this fraction of AGI. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.1 2014: 0.1 2015: 0.1 2016: 0.1 2017: 0.1 2018: 0.1 2019: 0.1 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_Casualty_hc#
Description: This decimal fraction can be applied to limit the amount of casualty expense deduction allowed. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 1.0 2019: 1.0 2020: 1.0 2021: 1.0 2022: 1.0 2023: 1.0 2024: 1.0 2025: 1.0 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_Casualty_c#
Description: The amount of casualty expense deduction is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Ceiling On The Amount Of Itemized Deductions Allowed#
ID_c#
Description: The amount of itemized deductions is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ID_AmountCap_rt#
Description: The gross allowable amount of specified itemized deductions is capped at this percent of AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 9e+99 2014: 9e+99 2015: 9e+99 2016: 9e+99 2017: 9e+99 2018: 9e+99 2019: 9e+99 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ID_AmountCap_Switch#
Description: The cap on itemized deduction benefits applies to the benefits derived from the itemized deductions specified with this parameter. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: for: [med, sltx, retx, cas, misc, int, char] 2013: [True, True, True, True, True, True, True] 2014: [True, True, True, True, True, True, True] 2015: [True, True, True, True, True, True, True] 2016: [True, True, True, True, True, True, True] 2017: [True, True, True, True, True, True, True] 2018: [True, True, True, True, True, True, True] 2019: [True, True, True, True, True, True, True] Valid Range: min = False and max = True Out-of-Range Action: error
Ceiling On The Benefit Of Itemized Deductions As A Percent Of Deductible Expenses#
ID_BenefitCap_rt#
Description: The benefit from specified itemized deductions is capped at this percent of the total deductible expenses. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_BenefitCap_Switch#
Description: The cap on itemized deduction benefits applies to the benefits derived from the itemized deductions specified with this parameter. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: for: [med, sltx, retx, cas, misc, int, char] 2013: [True, True, True, True, True, True, True] 2014: [True, True, True, True, True, True, True] 2015: [True, True, True, True, True, True, True] 2016: [True, True, True, True, True, True, True] 2017: [True, True, True, True, True, True, True] 2018: [True, True, True, True, True, True, True] 2019: [True, True, True, True, True, True, True] Valid Range: min = False and max = True Out-of-Range Action: error
Charity#
ID_Charity_crt_all#
Description: The total deduction for charity is capped at this fraction of AGI. Notes: When using PUF data, raising this parameter value may produce unexpected results because in PUF data the variables e19800 and e20100 are already capped. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.5 2014: 0.5 2015: 0.5 2016: 0.5 2017: 0.5 2018: 0.6 2019: 0.6 2020: 1.0 2021: 0.6 2022: 0.6 2023: 0.6 2024: 0.6 2025: 0.6 2026: 0.5 Valid Range: min = 0 and max = 1.0 Out-of-Range Action: warn
ID_Charity_crt_noncash#
Description: The deduction for noncash charity contributions is capped at this fraction of AGI. Notes: When using PUF data, raising this parameter value may produce unexpected results because in PUF data the variables e19800 and e20100 are already capped. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.3 2014: 0.3 2015: 0.3 2016: 0.3 2017: 0.3 2018: 0.3 2019: 0.3 Valid Range: min = 0 and max = 0.3 Out-of-Range Action: warn
ID_Charity_frt#
Description: Taxpayers are eligible to deduct the portion of their charitable expense exceeding this fraction of AGI. Notes: This parameter allows for implementation of Option 52 from https://www.cbo.gov/sites/default/files/cbofiles/attachments/49638-BudgetOptions.pdf. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_Charity_hc#
Description: This decimal fraction can be applied to limit the amount of charity expense deduction allowed. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_Charity_c#
Description: The amount of charity expense deduction is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ID_Charity_f#
Description: Only charitable giving in excess of this dollar amount is eligible for a deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Interest Paid#
ID_InterestPaid_hc#
Description: This decimal fraction can be applied to limit the amount of interest paid deduction allowed. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_InterestPaid_c#
Description: The amount of interest paid deduction is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Itemized Deduction Limitation#
ID_ps#
Description: The itemized deductions will be reduced for taxpayers with AGI higher than this level. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [250000.0, 300000.0, 150000.0, 275000.0, 300000.0] 2014: [254200.0, 305050.0, 152525.0, 279650.0, 305050.0] 2015: [258250.0, 309900.0, 154950.0, 284050.0, 309900.0] 2016: [259400.0, 311300.0, 155650.0, 285350.0, 311300.0] 2017: [261500.0, 313800.0, 156900.0, 287650.0, 313800.0] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2020: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2021: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2022: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2023: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2024: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2025: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2026: [302907.0, 363489.0, 181744.0, 333198.0, 363489.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ID_prt#
Description: Taxpayers will not be eligible to deduct the full amount of itemized deduction if their AGI is above the phaseout start. The deductible portion would be decreased at this rate for each dollar exceeding the start. Notes: This phaseout rate cannot be lower than 0.03 for each dollar, due to limited data on non-itemizers. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.03 2014: 0.03 2015: 0.03 2016: 0.03 2017: 0.03 2018: 0.0 2019: 0.0 2020: 0.0 2021: 0.0 2022: 0.0 2023: 0.0 2024: 0.0 2025: 0.0 2026: 0.03 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_crt#
Description: The phaseout amount is capped at this fraction of the original total deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.8 2014: 0.8 2015: 0.8 2016: 0.8 2017: 0.8 2018: 1.0 2019: 1.0 2020: 1.0 2021: 1.0 2022: 1.0 2023: 1.0 2024: 1.0 2025: 1.0 2026: 0.8 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Medical Expenses#
ID_Medical_frt#
Description: Taxpayers are eligible to deduct the portion of their medical expenses exceeding this fraction of AGI. Notes: When using PUF data, lowering this parameter value may produce unexpected results because PUF e17500 variable is zero below the floor. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.1 2014: 0.1 2015: 0.1 2016: 0.1 2017: 0.075 2018: 0.075 2019: 0.075 2020: 0.075 2021: 0.075 2022: 0.075 2023: 0.075 2024: 0.075 2025: 0.075 2026: 0.075 Valid Range: min = 0.075 and max = 0.1 Out-of-Range Action: warn
ID_Medical_frt_add4aged#
Description: Elderly taxpayers have this fraction added to the value of the regular floor rate for deductible medical expenses. This fraction was -0.025 from 2013 to 2016, but that was temporary and it changed to zero beginning in 2017. Notes: When using PUF data, changing this parameter value may produce unexpected results because PUF e17500 variable is zero below the floor. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: -0.025 2014: -0.025 2015: -0.025 2016: -0.025 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = -0.025 and max = 0.0 Out-of-Range Action: warn
ID_Medical_hc#
Description: This decimal fraction can be applied to limit the amount of medical expense deduction allowed. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_Medical_c#
Description: The amount of medical expense deduction is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Miscellaneous#
ID_Miscellaneous_frt#
Description: Taxpayers are eligible to deduct the portion of their miscellaneous expense exceeding this fraction of AGI. Notes: When using PUF data, lowering this parameter value may produce unexpected results because in PUF data the variable e20400 is zero below the floor. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.02 2014: 0.02 2015: 0.02 2016: 0.02 2017: 0.02 2018: 0.02 2019: 0.02 Valid Range: min = 0.02 and max = 1 Out-of-Range Action: warn
ID_Miscellaneous_hc#
Description: This decimal fraction can be applied to limit the amount of miscellaneous expense deduction allowed. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 1.0 2019: 1.0 2020: 1.0 2021: 1.0 2022: 1.0 2023: 1.0 2024: 1.0 2025: 1.0 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_Miscellaneous_c#
Description: The amount of miscellaneous expense deduction is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
State And Local Income And Sales Taxes#
ID_StateLocalTax_hc#
Description: This decimal fraction reduces the state and local income and sales tax deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_StateLocalTax_crt#
Description: The total deduction for state and local taxes is capped at this fraction of AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 9e+99 2014: 9e+99 2015: 9e+99 2016: 9e+99 2017: 9e+99 2018: 9e+99 2019: 9e+99 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ID_StateLocalTax_c#
Description: The amount of state and local income and sales taxes deduction is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
State And Local Taxes And Real Estate Taxes#
ID_AllTaxes_hc#
Description: This decimal fraction reduces all state and local taxes paid eligible to deduct in itemized deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_AllTaxes_c#
Description: The amount of state and local income, sales and real estate tax deductions is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2019: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2020: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2021: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2022: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2023: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2024: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2025: [10000.0, 10000.0, 5000.0, 10000.0, 10000.0] 2026: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
State, Local, And Foreign Real Estate Taxes#
ID_RealEstate_hc#
Description: This decimal fraction reduces real estate taxes paid eligible to deduct in itemized deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_RealEstate_crt#
Description: The total deduction for all real estate taxes is capped at this fraction of AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 9e+99 2014: 9e+99 2015: 9e+99 2016: 9e+99 2017: 9e+99 2018: 9e+99 2019: 9e+99 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ID_RealEstate_c#
Description: The amount of real estate taxes deduction is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Surtax On Itemized Deduction Benefits Above An AGI Threshold#
ID_BenefitSurtax_trt#
Description: The benefit from specified itemized deductions exceeding the credit is taxed at this rate. A surtax rate of 1 strictly limits the benefit from specified itemized deductions to the specified credit. In http://www.nber.org/papers/w16921, Feldstein, Feenberg, and MacGuineas propose a credit of 2% of AGI against a 100% tax rate; in their proposal, however, a broader set of tax benefits, including the employer provided health exclusion, would be taxed. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_BenefitSurtax_crt#
Description: The surtax on specified itemized deductions applies to benefits in excess of this fraction of AGI. In http://www.nber.org/papers/w16921, Feldstein, Feenberg, and MacGuineas propose a credit of 2% of AGI against a 100% tax rate; in their proposal, however, a broader set of tax benefits, including the employer provided health exclusion, would be taxed. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
ID_BenefitSurtax_em#
Description: This amount is subtracted from itemized deduction benefits in the calculation of the itemized deduction benefit surtax. With ID_BenefitSurtax_crt set to 0.0 and ID_BenefitSurtax_trt set to 1.0, this amount serves as a dollar limit on the value of itemized deductions. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ID_BenefitSurtax_Switch#
Description: The surtax on itemized deduction benefits applies to the benefits derived from the itemized deductions specified with this parameter. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: for: [med, sltx, retx, cas, misc, int, char] 2013: [True, True, True, True, True, True, True] 2014: [True, True, True, True, True, True, True] 2015: [True, True, True, True, True, True, True] 2016: [True, True, True, True, True, True, True] 2017: [True, True, True, True, True, True, True] 2018: [True, True, True, True, True, True, True] 2019: [True, True, True, True, True, True, True] Valid Range: min = False and max = True Out-of-Range Action: error
Capital Gains And Dividends#
AMT - Long Term Capital Gains And Qualified Dividends#
AMT_CG_rt1#
Description: Capital gain and qualified dividends (stacked on top of regular income) below threshold 1 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
AMT_CG_brk1#
Description: The gains and dividends, stacked last, of AMT taxable income below this are taxed at AMT capital gain rate 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [36250.0, 72500.0, 36250.0, 48600.0, 72500.0] 2014: [36900.0, 73800.0, 36900.0, 49400.0, 73800.0] 2015: [37450.0, 74900.0, 37450.0, 50200.0, 74900.0] 2016: [37650.0, 75300.0, 37650.0, 50400.0, 75300.0] 2017: [37950.0, 75900.0, 37950.0, 50800.0, 75900.0] 2018: [38600.0, 77200.0, 38600.0, 51700.0, 77200.0] 2019: [39375.0, 78750.0, 39375.0, 52750.0, 78750.0] Valid Range: min = 0 and max = AMT_CG_brk2 Out-of-Range Action: error
AMT_CG_rt2#
Description: Capital gain and qualified dividend (stacked on top of regular income) below threshold 2 and above threshold 1 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.15 2014: 0.15 2015: 0.15 2016: 0.15 2017: 0.15 2018: 0.15 2019: 0.15 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
AMT_CG_brk2#
Description: The gains and dividends, stacked last, of AMT taxable income below this threshold and above bracket 1 are taxed at AMT capital gain rate 2. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [400000.0, 450000.0, 225000.0, 425000.0, 450000.0] 2014: [406750.0, 457600.0, 228800.0, 432200.0, 457600.0] 2015: [413200.0, 464850.0, 232425.0, 439000.0, 464850.0] 2016: [415050.0, 466950.0, 233475.0, 441000.0, 466950.0] 2017: [418400.0, 470700.0, 235350.0, 444550.0, 470700.0] 2018: [425800.0, 479000.0, 239500.0, 452400.0, 479000.0] 2019: [434550.0, 488850.0, 244425.0, 461700.0, 488850.0] Valid Range: min = AMT_CG_brk1 and max = AMT_CG_brk3 Out-of-Range Action: error
AMT_CG_rt3#
Description: The capital gain and qualified dividend (stacked on top of regular income) above threshold 2 and below threshold 3 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.2 2014: 0.2 2015: 0.2 2016: 0.2 2017: 0.2 2018: 0.2 2019: 0.2 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
AMT_CG_brk3#
Description: The gains and dividends, stacked last, of AMT taxable income below this and above bracket 2 are taxed at capital gain rate 3; above thisthey are taxed at AMT capital gain rate 4. Default value is essentially infinity. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = AMT_CG_brk2 and max = 9e+99 Out-of-Range Action: error
AMT_CG_rt4#
Description: The capital gain and dividends (stacked on top of regular income) that are above threshold 3 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Regular - Long Term Capital Gains And Qualified Dividends#
Capital_loss_limitation#
Description: The amount of capital loss deductions is limited to this dollar amount. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 3000.0 2014: 3000.0 2015: 3000.0 2016: 3000.0 2017: 3000.0 2018: 3000.0 2019: 3000.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CG_rt1#
Description: The capital gain and dividends (stacked on top of regular income) that are below threshold 1 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CG_brk1#
Description: The gains and dividends (stacked on top of regular income) below this are taxed at capital gain rate 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [36250.0, 72500.0, 36250.0, 48600.0, 72500.0] 2014: [36900.0, 73800.0, 36900.0, 49400.0, 73800.0] 2015: [37450.0, 74900.0, 37450.0, 50200.0, 74900.0] 2016: [37650.0, 75300.0, 37650.0, 50400.0, 75300.0] 2017: [37950.0, 75900.0, 37950.0, 50800.0, 75900.0] 2018: [38600.0, 77200.0, 38600.0, 51700.0, 77200.0] 2019: [39375.0, 78750.0, 39375.0, 52750.0, 78750.0] Valid Range: min = 0 and max = CG_brk2 Out-of-Range Action: error
CG_rt2#
Description: The capital gain and dividends (stacked on top of regular income) that are below threshold 2 and above threshold 1 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.15 2014: 0.15 2015: 0.15 2016: 0.15 2017: 0.15 2018: 0.15 2019: 0.15 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CG_brk2#
Description: The gains and dividends (stacked on top of regular income) below this and above top of bracket 1 are taxed at capital gain rate 2. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [400000.0, 450000.0, 225000.0, 425000.0, 450000.0] 2014: [406750.0, 457600.0, 228800.0, 432200.0, 457600.0] 2015: [413200.0, 464850.0, 232425.0, 439000.0, 464850.0] 2016: [415050.0, 466950.0, 233475.0, 441000.0, 466950.0] 2017: [418400.0, 470700.0, 235350.0, 444550.0, 470700.0] 2018: [425800.0, 479000.0, 239500.0, 452400.0, 479000.0] 2019: [434550.0, 488850.0, 244425.0, 461700.0, 488850.0] Valid Range: min = CG_brk1 and max = CG_brk3 Out-of-Range Action: error
CG_rt3#
Description: The capital gain and dividends (stacked on top of regular income) that are above threshold 2 and below threshold 3 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.2 2014: 0.2 2015: 0.2 2016: 0.2 2017: 0.2 2018: 0.2 2019: 0.2 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CG_brk3#
Description: The gains and dividends (stacked on top of regular income) below this and above top of bracket 2 are taxed at the capital gain rate 3; above this they are taxed at capital gain rate 4. Default value is essentially infinity. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = CG_brk2 and max = 9e+99 Out-of-Range Action: error
CG_rt4#
Description: The capital gain and dividends (stacked on top of regular income) that are above threshold 3 are taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Tax All Capital Gains And Dividends The Same As Regular Taxable Income#
CG_nodiff#
Description: Specifies whether or not long term capital gains and qualified dividends are taxed like regular taxable income. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
CG_ec#
Description: Positive value used only if long term capital gains and qualified dividends taxed no differently than regular taxable income. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CG_reinvest_ec_rt#
Description: Positive value used only if long term capital gains and qualified dividends taxed no differently than regular taxable income. To limit the exclusion to capital gains and dividends invested within one year, set to statutory exclusion rate times the fraction of capital gains and qualified dividends in excess of the exclusion that are assumed to be reinvested within the year. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Personal Income#
Alternative Minimum Tax#
AMT_em#
Description: The amount of AMT taxable income exempted from AMT. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [51900.0, 80800.0, 40400.0, 51900.0, 80800.0] 2014: [52800.0, 82100.0, 41050.0, 52800.0, 82100.0] 2015: [53600.0, 83400.0, 41700.0, 53600.0, 83400.0] 2016: [53900.0, 83800.0, 41900.0, 53900.0, 83800.0] 2017: [54300.0, 84500.0, 42250.0, 54300.0, 84500.0] 2018: [70300.0, 109400.0, 54700.0, 70300.0, 109400.0] 2019: [71700.0, 111700.0, 55850.0, 71700.0, 111700.0] 2020: [72804.18, 113420.18, 56710.09, 72804.18, 113420.18] 2021: [73335.65, 114248.15, 57124.07, 73335.65, 114248.15] 2022: [74032.34, 115333.51, 57666.75, 74032.34, 115333.51] 2023: [75202.05, 117155.78, 58577.88, 75202.05, 117155.78] 2024: [76653.45, 119416.89, 59708.43, 76653.45, 119416.89] 2025: [78186.52, 121805.23, 60902.6, 78186.52, 121805.23] 2026: [62898.0, 97880.0, 48940.0, 62898.0, 97880.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
AMT_prt#
Description: AMT exemption will decrease at this rate for each dollar of AMT taxable income exceeding AMT phaseout start. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.25 2014: 0.25 2015: 0.25 2016: 0.25 2017: 0.25 2018: 0.25 2019: 0.25 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
AMT_em_ps#
Description: AMT exemption starts to decrease when AMT taxable income goes beyond this threshold. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [115400.0, 153900.0, 76950.0, 115400.0, 153900.0] 2014: [117300.0, 156500.0, 78250.0, 117300.0, 156500.0] 2015: [119200.0, 158900.0, 79450.0, 119200.0, 158900.0] 2016: [119700.0, 159700.0, 79850.0, 119700.0, 159700.0] 2017: [120700.0, 160900.0, 80450.0, 120700.0, 160900.0] 2018: [500000.0, 1000000.0, 500000.0, 500000.0, 1000000.0] 2019: [510300.0, 1020600.0, 510300.0, 510300.0, 1020600.0] 2020: [518158.62, 1036317.24, 518158.62, 518158.62, 1036317.24] 2021: [521941.18, 1043882.36, 521941.18, 521941.18, 1043882.36] 2022: [526899.62, 1053799.24, 526899.62, 526899.62, 1053799.24] 2023: [535224.63, 1070449.27, 535224.63, 535224.63, 1070449.27] 2024: [545554.47, 1091108.94, 545554.47, 545554.47, 1091108.94] 2025: [556465.56, 1112931.12, 556465.56, 556465.56, 1112931.12] 2026: [139812.0, 186378.0, 93189.0, 139812.0, 186378.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
AMT_rt1#
Description: The tax rate applied to the portion of AMT taxable income below the surtax threshold, AMT bracket 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.26 2014: 0.26 2015: 0.26 2016: 0.26 2017: 0.26 2018: 0.26 2019: 0.26 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
AMT_brk1#
Description: AMT taxable income below this is subject to AMT rate 1 and above it is subject to AMT rate 1 + the additional AMT rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 179500.0 2014: 182500.0 2015: 185400.0 2016: 186300.0 2017: 187800.0 2018: 191100.0 2019: 194800.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
AMT_rt2#
Description: The additional tax rate applied to the portion of AMT income above the AMT bracket 1. Notes: This is the additional tax rate (on top of AMT rate 1) for AMT income above AMT bracket 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.02 2014: 0.02 2015: 0.02 2016: 0.02 2017: 0.02 2018: 0.02 2019: 0.02 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Pass-Through#
PT_rt1#
Description: The lowest tax rate, applied to the portion of income from sole proprietorships, partnerships and S-corporations below tax bracket 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.1 2014: 0.1 2015: 0.1 2016: 0.1 2017: 0.1 2018: 0.1 2019: 0.1 2020: 0.1 2021: 0.1 2022: 0.1 2023: 0.1 2024: 0.1 2025: 0.1 2026: 0.1 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_brk1#
Description: Income from sole proprietorships, partnerships and S-corporations below this threshold is taxed at tax rate 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [8925.0, 17850.0, 8925.0, 12750.0, 17850.0] 2014: [9075.0, 18150.0, 9075.0, 12950.0, 18150.0] 2015: [9225.0, 18450.0, 9225.0, 13150.0, 18450.0] 2016: [9275.0, 18550.0, 9275.0, 13250.0, 18550.0] 2017: [9325.0, 18650.0, 9325.0, 13350.0, 18650.0] 2018: [9525.0, 19050.0, 9525.0, 13600.0, 19050.0] 2019: [9700.0, 19400.0, 9700.0, 13850.0, 19400.0] 2020: [9849.38, 19698.76, 9849.38, 14063.29, 19698.76] 2021: [9921.28, 19842.56, 9921.28, 14165.95, 19842.56] 2022: [10015.53, 20031.06, 10015.53, 14300.53, 20031.06] 2023: [10173.78, 20347.55, 10173.78, 14526.48, 20347.55] 2024: [10370.13, 20740.26, 10370.13, 14806.84, 20740.26] 2025: [10577.53, 21155.07, 10577.53, 15102.98, 21155.07] 2026: [10802.0, 21603.0, 10802.0, 15464.0, 21603.0] Valid Range: min = 0 and max = PT_brk2 Out-of-Range Action: error
PT_rt2#
Description: The second lowest tax rate, applied to the portion of income from sole proprietorships, partnerships and S-corporations below tax bracket 2 and above tax bracket 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.15 2014: 0.15 2015: 0.15 2016: 0.15 2017: 0.15 2018: 0.12 2019: 0.12 2020: 0.12 2021: 0.12 2022: 0.12 2023: 0.12 2024: 0.12 2025: 0.12 2026: 0.15 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_brk2#
Description: Income from sole proprietorships, partnerships and S-corporations below this threshold and above tax bracket 1 is taxed at tax rate 2. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [36250.0, 72500.0, 36250.0, 48600.0, 72500.0] 2014: [36900.0, 73800.0, 36900.0, 49400.0, 73800.0] 2015: [37450.0, 74900.0, 37450.0, 50200.0, 74900.0] 2016: [37650.0, 75300.0, 37650.0, 50400.0, 75300.0] 2017: [37950.0, 75900.0, 37950.0, 50800.0, 75900.0] 2018: [38700.0, 77400.0, 38700.0, 51800.0, 77400.0] 2019: [39475.0, 78950.0, 39475.0, 52850.0, 78950.0] 2020: [40082.92, 80165.83, 40082.92, 53663.89, 80165.83] 2021: [40375.53, 80751.04, 40375.53, 54055.64, 80751.04] 2022: [40759.1, 81518.17, 40759.1, 54569.17, 81518.17] 2023: [41403.09, 82806.16, 41403.09, 55431.36, 82806.16] 2024: [42202.17, 84404.32, 42202.17, 56501.19, 84404.32] 2025: [43046.21, 86092.41, 43046.21, 57631.21, 86092.41] 2026: [43959.0, 87918.0, 43959.0, 58844.0, 87918.0] Valid Range: min = PT_brk1 and max = PT_brk3 Out-of-Range Action: error
PT_rt3#
Description: The third lowest tax rate, applied to the portion of income from sole proprietorships, partnerships and S-corporations below tax bracket 3 and above tax bracket 2. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.25 2014: 0.25 2015: 0.25 2016: 0.25 2017: 0.25 2018: 0.22 2019: 0.22 2020: 0.22 2021: 0.22 2022: 0.22 2023: 0.22 2024: 0.22 2025: 0.22 2026: 0.25 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_brk3#
Description: Income from sole proprietorships, partnerships and S-corporations below this threshold and above tax bracket 2 is taxed at tax rate 3. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [87850.0, 146400.0, 73200.0, 125450.0, 146400.0] 2014: [89350.0, 148850.0, 74425.0, 127550.0, 148850.0] 2015: [90750.0, 151200.0, 75600.0, 129600.0, 151200.0] 2016: [91150.0, 151900.0, 75950.0, 130150.0, 151900.0] 2017: [91900.0, 153100.0, 76550.0, 131200.0, 153100.0] 2018: [82500.0, 165000.0, 82500.0, 82500.0, 165000.0] 2019: [84200.0, 168400.0, 84200.0, 84200.0, 168400.0] 2020: [85496.68, 170993.36, 85496.68, 85496.68, 170993.36] 2021: [86120.81, 172241.61, 86120.81, 86120.81, 172241.61] 2022: [86938.96, 173877.91, 86938.96, 86938.96, 173877.91] 2023: [88312.6, 176625.18, 88312.6, 88312.6, 176625.18] 2024: [90017.03, 180034.05, 90017.03, 90017.03, 180034.05] 2025: [91817.37, 183634.73, 91817.37, 91817.37, 183634.73] 2026: [106452.0, 177343.0, 88671.0, 151975.0, 177343.0] Valid Range: min = PT_brk2 and max = PT_brk4 Out-of-Range Action: error
PT_rt4#
Description: The tax rate applied to the portion of income from sole proprietorships, partnerships and S-corporations below tax bracket 4 and above tax bracket 3. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.28 2014: 0.28 2015: 0.28 2016: 0.28 2017: 0.28 2018: 0.24 2019: 0.24 2020: 0.24 2021: 0.24 2022: 0.24 2023: 0.24 2024: 0.24 2025: 0.24 2026: 0.28 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_brk4#
Description: Income from sole proprietorships, partnerships and S-corporations below this threshold and above tax bracket 3 is taxed at tax rate 4. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [183250.0, 223050.0, 111525.0, 203150.0, 223050.0] 2014: [186350.0, 226850.0, 113425.0, 206600.0, 226850.0] 2015: [189300.0, 230450.0, 115225.0, 209850.0, 230450.0] 2016: [190150.0, 231450.0, 115725.0, 210800.0, 231450.0] 2017: [191650.0, 233350.0, 116675.0, 212500.0, 233350.0] 2018: [157500.0, 315000.0, 157500.0, 157500.0, 315000.0] 2019: [160725.0, 321450.0, 160725.0, 160700.0, 321450.0] 2020: [163200.16, 326400.33, 163200.16, 163174.78, 326400.33] 2021: [164391.52, 328783.05, 164391.52, 164365.96, 328783.05] 2022: [165953.24, 331906.49, 165953.24, 165927.44, 331906.49] 2023: [168575.3, 337150.61, 168575.3, 168549.09, 337150.61] 2024: [171828.8, 343657.62, 171828.8, 171802.09, 343657.62] 2025: [175265.38, 350530.77, 175265.38, 175238.13, 350530.77] 2026: [221997.0, 270300.0, 135150.0, 246148.0, 270300.0] Valid Range: min = PT_brk3 and max = PT_brk5 Out-of-Range Action: error
PT_rt5#
Description: The third highest tax rate, applied to the portion of income from sole proprietorships, partnerships and S-corporations below tax bracket 5 and above tax bracket 4. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.33 2014: 0.33 2015: 0.33 2016: 0.33 2017: 0.33 2018: 0.32 2019: 0.32 2020: 0.32 2021: 0.32 2022: 0.32 2023: 0.32 2024: 0.32 2025: 0.32 2026: 0.33 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_brk5#
Description: Income from sole proprietorships, partnerships and S-corporations below this threshold and above tax bracket 4 is taxed at tax rate 5. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [398350.0, 398350.0, 199175.0, 398350.0, 398350.0] 2014: [405100.0, 405100.0, 202550.0, 405100.0, 405100.0] 2015: [411500.0, 411500.0, 205750.0, 411500.0, 411500.0] 2016: [413350.0, 413350.0, 206675.0, 413350.0, 413350.0] 2017: [416700.0, 416700.0, 208350.0, 416700.0, 416700.0] 2018: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2019: [204100.0, 408200.0, 204100.0, 204100.0, 408200.0] 2020: [207243.14, 414486.28, 207243.14, 207243.14, 414486.28] 2021: [208756.01, 417512.03, 208756.01, 208756.01, 417512.03] 2022: [210739.19, 421478.39, 210739.19, 210739.19, 421478.39] 2023: [214068.87, 428137.75, 214068.87, 214068.87, 428137.75] 2024: [218200.4, 436400.81, 218200.4, 218200.4, 436400.81] 2025: [222564.41, 445128.83, 222564.41, 222564.41, 445128.83] 2026: [482682.0, 482682.0, 241341.0, 482682.0, 482682.0] Valid Range: min = PT_brk4 and max = PT_brk6 Out-of-Range Action: error
PT_rt6#
Description: The second higher tax rate, applied to the portion of income from sole proprietorships, partnerships and S-corporations below tax bracket 6 and above tax bracket 5. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.35 2014: 0.35 2015: 0.35 2016: 0.35 2017: 0.35 2018: 0.35 2019: 0.35 2020: 0.35 2021: 0.35 2022: 0.35 2023: 0.35 2024: 0.35 2025: 0.35 2026: 0.35 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_brk6#
Description: Income from sole proprietorships, partnerships and S-corporations below this threshold and above tax bracket 5 is taxed at tax rate 6. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [400000.0, 450000.0, 225000.0, 425000.0, 450000.0] 2014: [406750.0, 457600.0, 228800.0, 432200.0, 457600.0] 2015: [413200.0, 464850.0, 232425.0, 439000.0, 464850.0] 2016: [415050.0, 466950.0, 233475.0, 441000.0, 466950.0] 2017: [418400.0, 470700.0, 235350.0, 444550.0, 470700.0] 2018: [500000.0, 600000.0, 300000.0, 500000.0, 600000.0] 2019: [510300.0, 612350.0, 306175.0, 510300.0, 612350.0] 2020: [518158.62, 621780.19, 310890.1, 518158.62, 621780.19] 2021: [521941.18, 626319.19, 313159.6, 521941.18, 626319.19] 2022: [526899.62, 632269.22, 316134.62, 526899.62, 632269.22] 2023: [535224.63, 642259.07, 321129.55, 535224.63, 642259.07] 2024: [545554.47, 654654.67, 327327.35, 545554.47, 654654.67] 2025: [556465.56, 667747.76, 333873.9, 556465.56, 667747.76] 2026: [484651.0, 545233.0, 272616.0, 514942.0, 545233.0] Valid Range: min = PT_brk5 and max = PT_brk7 Out-of-Range Action: error
PT_rt7#
Description: The highest tax rate, applied to the portion of income from sole proprietorships, partnerships and S-corporations below tax bracket 7 and above tax bracket 6. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.396 2014: 0.396 2015: 0.396 2016: 0.396 2017: 0.396 2018: 0.37 2019: 0.37 2020: 0.37 2021: 0.37 2022: 0.37 2023: 0.37 2024: 0.37 2025: 0.37 2026: 0.396 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_brk7#
Description: Income from sole proprietorships, partnerships and S-corporations below this threshold and above tax bracket 6 is taxed at tax rate 7. Default value is essentially infinity. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = PT_brk6 and max = 9e+99 Out-of-Range Action: error
PT_rt8#
Description: The extra tax rate, applied to the portion of income from sole proprietorships, partnerships and S-corporations above the tax bracket 7. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_EligibleRate_active#
Description: Eligibility rate of active business income for separate pass-through rates. Notes: Active business income defined as e00900 + e26270 Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_EligibleRate_passive#
Description: Eligibility rate of passive business income for mseparate pass-through rates. Notes: Passive business income defined as e02000 - e26270 Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_wages_active_income#
Description: Whether active business income eligibility base for PT schedule for includes wages. Notes: Only applies if active business income is positive Has An Effect When Using: PUF data: False CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
PT_top_stacking#
Description: Whether taxable income eligible for PT rate schedule is stacked on top of regular taxable income. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: True 2014: True 2015: True 2016: True 2017: True 2018: True 2019: True Valid Range: min = False and max = True Out-of-Range Action: error
PT_qbid_rt#
Description: Fraction of pass-through business income that may be excluded from taxable income. Notes: Applies to e00900 + e26270 Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.2 2019: 0.2 2020: 0.2 2021: 0.2 2022: 0.2 2023: 0.2 2024: 0.2 2025: 0.2 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_qbid_taxinc_thd#
Description: Pre-QBID taxable income above this lower threshold implies the QBID amount begins to be limited. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [157500.0, 315000.0, 157500.0, 157500.0, 315000.0] 2019: [160700.0, 321400.0, 160725.0, 160700.0, 321400.0] 2020: [163174.78, 326349.56, 163200.16, 163174.78, 326349.56] 2021: [164365.96, 328731.91, 164391.52, 164365.96, 328731.91] 2022: [165927.44, 331854.86, 165953.24, 165927.44, 331854.86] 2023: [168549.09, 337098.17, 168575.3, 168549.09, 337098.17] 2024: [171802.09, 343604.16, 171828.8, 171802.09, 343604.16] 2025: [175238.13, 350476.24, 175265.38, 175238.13, 350476.24] 2026: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
PT_qbid_taxinc_gap#
Description: Pre-QBID taxable income above this upper threshold implies the QBID amount is even more limited. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [1.0, 1.0, 1.0, 1.0, 1.0] 2014: [1.0, 1.0, 1.0, 1.0, 1.0] 2015: [1.0, 1.0, 1.0, 1.0, 1.0] 2016: [1.0, 1.0, 1.0, 1.0, 1.0] 2017: [1.0, 1.0, 1.0, 1.0, 1.0] 2018: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2019: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2020: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2021: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2022: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2023: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2024: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2025: [50000.0, 100000.0, 50000.0, 50000.0, 100000.0] 2026: [1.0, 1.0, 1.0, 1.0, 1.0] Valid Range: min = 1 and max = 9e+99 Out-of-Range Action: error
PT_qbid_w2_wages_rt#
Description: QBID is capped at this fraction of W-2 wages paid by the pass-through business if pre-QBID taxable income is above the QBID thresholds. Has An Effect When Using: PUF data: False CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.5 2019: 0.5 2020: 0.5 2021: 0.5 2022: 0.5 2023: 0.5 2024: 0.5 2025: 0.5 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_qbid_alt_w2_wages_rt#
Description: QBID is capped at this fraction of W-2 wages paid by the pass-through business plus some fraction of business property if pre-QBID taxable income is above the QBID thresholds and the alternative cap is higher than the main wage-only cap. Has An Effect When Using: PUF data: False CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.25 2019: 0.25 2020: 0.25 2021: 0.25 2022: 0.25 2023: 0.25 2024: 0.25 2025: 0.25 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_qbid_alt_property_rt#
Description: QBID is capped at this fraction of business property owned plus some fraction of W-2 wages paid by the pass-through business if pre-QBID taxable income is above the QBID thresholds and the alternative cap is higher than the main wage-only cap. Has An Effect When Using: PUF data: False CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.025 2019: 0.025 2020: 0.025 2021: 0.025 2022: 0.025 2023: 0.025 2024: 0.025 2025: 0.025 2026: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
PT_qbid_limit_switch#
Description: A value of True imposes wage/capital limitations. Note that neither the PUF nor CPS have data on wage expenses or capital income, and therefore all taxpayers are fully subject to the QBID limitations. A value of False assumes sufficient wage and capital income to avoid QBID limitations. Has An Effect When Using: PUF data: False CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: True 2014: True 2015: True 2016: True 2017: True 2018: True 2019: True Valid Range: min = False and max = True Out-of-Range Action: error
PT_qbid_ps#
Description: QBID begins to decrease when pre-QBID taxable income is above this level. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
PT_qbid_prt#
Description: QBID will decrease at this rate for each dollar of taxable income exceeding QBID phaseout start. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Regular: Non-AMT, Non-Pass-Through#
II_rt1#
Description: The lowest tax rate, applied to the portion of taxable income below tax bracket 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.1 2014: 0.1 2015: 0.1 2016: 0.1 2017: 0.1 2018: 0.1 2019: 0.1 2020: 0.1 2021: 0.1 2022: 0.1 2023: 0.1 2024: 0.1 2025: 0.1 2026: 0.1 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
II_brk1#
Description: Taxable income below this threshold is taxed at tax rate 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [8925.0, 17850.0, 8925.0, 12750.0, 17850.0] 2014: [9075.0, 18150.0, 9075.0, 12950.0, 18150.0] 2015: [9225.0, 18450.0, 9225.0, 13150.0, 18450.0] 2016: [9275.0, 18550.0, 9275.0, 13250.0, 18550.0] 2017: [9325.0, 18650.0, 9325.0, 13350.0, 18650.0] 2018: [9525.0, 19050.0, 9525.0, 13600.0, 19050.0] 2019: [9700.0, 19400.0, 9700.0, 13850.0, 19400.0] 2020: [9849.38, 19698.76, 9849.38, 14063.29, 19698.76] 2021: [9921.28, 19842.56, 9921.28, 14165.95, 19842.56] 2022: [10015.53, 20031.06, 10015.53, 14300.53, 20031.06] 2023: [10173.78, 20347.55, 10173.78, 14526.48, 20347.55] 2024: [10370.13, 20740.26, 10370.13, 14806.84, 20740.26] 2025: [10577.53, 21155.07, 10577.53, 15102.98, 21155.07] 2026: [10802.0, 21603.0, 10802.0, 15464.0, 21603.0] Valid Range: min = 0 and max = II_brk2 Out-of-Range Action: error
II_rt2#
Description: The second lowest tax rate, applied to the portion of taxable income below tax bracket 2 and above tax bracket 1. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.15 2014: 0.15 2015: 0.15 2016: 0.15 2017: 0.15 2018: 0.12 2019: 0.12 2020: 0.12 2021: 0.12 2022: 0.12 2023: 0.12 2024: 0.12 2025: 0.12 2026: 0.15 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
II_brk2#
Description: Income below this threshold and above tax bracket 1 is taxed at tax rate 2. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [36250.0, 72500.0, 36250.0, 48600.0, 72500.0] 2014: [36900.0, 73800.0, 36900.0, 49400.0, 73800.0] 2015: [37450.0, 74900.0, 37450.0, 50200.0, 74900.0] 2016: [37650.0, 75300.0, 37650.0, 50400.0, 75300.0] 2017: [37950.0, 75900.0, 37950.0, 50800.0, 75900.0] 2018: [38700.0, 77400.0, 38700.0, 51800.0, 77400.0] 2019: [39475.0, 78950.0, 39475.0, 52850.0, 78950.0] 2020: [40082.92, 80165.83, 40082.92, 53663.89, 80165.83] 2021: [40375.53, 80751.04, 40375.53, 54055.64, 80751.04] 2022: [40759.1, 81518.17, 40759.1, 54569.17, 81518.17] 2023: [41403.09, 82806.16, 41403.09, 55431.36, 82806.16] 2024: [42202.17, 84404.32, 42202.17, 56501.19, 84404.32] 2025: [43046.21, 86092.41, 43046.21, 57631.21, 86092.41] 2026: [43959.0, 87918.0, 43959.0, 58844.0, 87918.0] Valid Range: min = II_brk1 and max = II_brk3 Out-of-Range Action: error
II_rt3#
Description: The third lowest tax rate, applied to the portion of taxable income below tax bracket 3 and above tax bracket 2. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.25 2014: 0.25 2015: 0.25 2016: 0.25 2017: 0.25 2018: 0.22 2019: 0.22 2020: 0.22 2021: 0.22 2022: 0.22 2023: 0.22 2024: 0.22 2025: 0.22 2026: 0.25 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
II_brk3#
Description: Income below this threshold and above tax bracket 2 is taxed at tax rate 3. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [87850.0, 146400.0, 73200.0, 125450.0, 146400.0] 2014: [89350.0, 148850.0, 74425.0, 127550.0, 148850.0] 2015: [90750.0, 151200.0, 75600.0, 129600.0, 151200.0] 2016: [91150.0, 151900.0, 75950.0, 130150.0, 151900.0] 2017: [91900.0, 153100.0, 76550.0, 131200.0, 153100.0] 2018: [82500.0, 165000.0, 82500.0, 82500.0, 165000.0] 2019: [84200.0, 168400.0, 84200.0, 84200.0, 168400.0] 2020: [85496.68, 170993.36, 85496.68, 85496.68, 170993.36] 2021: [86120.81, 172241.61, 86120.81, 86120.81, 172241.61] 2022: [86938.96, 173877.91, 86938.96, 86938.96, 173877.91] 2023: [88312.6, 176625.18, 88312.6, 88312.6, 176625.18] 2024: [90017.03, 180034.05, 90017.03, 90017.03, 180034.05] 2025: [91817.37, 183634.73, 91817.37, 91817.37, 183634.73] 2026: [106452.0, 177343.0, 88671.0, 151975.0, 177343.0] Valid Range: min = II_brk2 and max = II_brk4 Out-of-Range Action: error
II_rt4#
Description: The tax rate applied to the portion of taxable income below tax bracket 4 and above tax bracket 3. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.28 2014: 0.28 2015: 0.28 2016: 0.28 2017: 0.28 2018: 0.24 2019: 0.24 2020: 0.24 2021: 0.24 2022: 0.24 2023: 0.24 2024: 0.24 2025: 0.24 2026: 0.28 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
II_brk4#
Description: Income below this threshold and above tax bracket 3 is taxed at tax rate 4. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [183250.0, 223050.0, 111525.0, 203150.0, 223050.0] 2014: [186350.0, 226850.0, 113425.0, 206600.0, 226850.0] 2015: [189300.0, 230450.0, 115225.0, 209850.0, 230450.0] 2016: [190150.0, 231450.0, 115725.0, 210800.0, 231450.0] 2017: [191650.0, 233350.0, 116675.0, 212500.0, 233350.0] 2018: [157500.0, 315000.0, 157500.0, 157500.0, 315000.0] 2019: [160725.0, 321450.0, 160725.0, 160700.0, 321450.0] 2020: [163200.16, 326400.33, 163200.16, 163174.78, 326400.33] 2021: [164391.52, 328783.05, 164391.52, 164365.96, 328783.05] 2022: [165953.24, 331906.49, 165953.24, 165927.44, 331906.49] 2023: [168575.3, 337150.61, 168575.3, 168549.09, 337150.61] 2024: [171828.8, 343657.62, 171828.8, 171802.09, 343657.62] 2025: [175265.38, 350530.77, 175265.38, 175238.13, 350530.77] 2026: [221997.0, 270300.0, 135150.0, 246148.0, 270300.0] Valid Range: min = II_brk3 and max = II_brk5 Out-of-Range Action: error
II_rt5#
Description: The third highest tax rate, applied to the portion of taxable income below tax bracket 5 and above tax bracket 4. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.33 2014: 0.33 2015: 0.33 2016: 0.33 2017: 0.33 2018: 0.32 2019: 0.32 2020: 0.32 2021: 0.32 2022: 0.32 2023: 0.32 2024: 0.32 2025: 0.32 2026: 0.33 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
II_brk5#
Description: Income below this threshold and above tax bracket 4 is taxed at tax rate 5. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [398350.0, 398350.0, 199175.0, 398350.0, 398350.0] 2014: [405100.0, 405100.0, 202550.0, 405100.0, 405100.0] 2015: [411500.0, 411500.0, 205750.0, 411500.0, 411500.0] 2016: [413350.0, 413350.0, 206675.0, 413350.0, 413350.0] 2017: [416700.0, 416700.0, 208350.0, 416700.0, 416700.0] 2018: [200000.0, 400000.0, 200000.0, 200000.0, 400000.0] 2019: [204100.0, 408200.0, 204100.0, 204100.0, 408200.0] 2020: [207243.14, 414486.28, 207243.14, 207243.14, 414486.28] 2021: [208756.01, 417512.03, 208756.01, 208756.01, 417512.03] 2022: [210739.19, 421478.39, 210739.19, 210739.19, 421478.39] 2023: [214068.87, 428137.75, 214068.87, 214068.87, 428137.75] 2024: [218200.4, 436400.81, 218200.4, 218200.4, 436400.81] 2025: [222564.41, 445128.83, 222564.41, 222564.41, 445128.83] 2026: [482682.0, 482682.0, 241341.0, 482682.0, 482682.0] Valid Range: min = II_brk4 and max = II_brk6 Out-of-Range Action: error
II_rt6#
Description: The second higher tax rate, applied to the portion of taxable income below tax bracket 6 and above tax bracket 5. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.35 2014: 0.35 2015: 0.35 2016: 0.35 2017: 0.35 2018: 0.35 2019: 0.35 2020: 0.35 2021: 0.35 2022: 0.35 2023: 0.35 2024: 0.35 2025: 0.35 2026: 0.35 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
II_brk6#
Description: Income below this threshold and above tax bracket 5 is taxed at tax rate 6. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [400000.0, 450000.0, 225000.0, 425000.0, 450000.0] 2014: [406750.0, 457600.0, 228800.0, 432200.0, 457600.0] 2015: [413200.0, 464850.0, 232425.0, 439000.0, 464850.0] 2016: [415050.0, 466950.0, 233475.0, 441000.0, 466950.0] 2017: [418400.0, 470700.0, 235350.0, 444550.0, 470700.0] 2018: [500000.0, 600000.0, 300000.0, 500000.0, 600000.0] 2019: [510300.0, 612350.0, 306175.0, 510300.0, 612350.0] 2020: [518158.62, 621780.19, 310890.1, 518158.62, 621780.19] 2021: [521941.18, 626319.19, 313159.6, 521941.18, 626319.19] 2022: [526899.62, 632269.22, 316134.62, 526899.62, 632269.22] 2023: [535224.63, 642259.07, 321129.55, 535224.63, 642259.07] 2024: [545554.47, 654654.67, 327327.35, 545554.47, 654654.67] 2025: [556465.56, 667747.76, 333873.9, 556465.56, 667747.76] 2026: [484651.0, 545233.0, 272616.0, 514942.0, 545233.0] Valid Range: min = II_brk5 and max = II_brk7 Out-of-Range Action: error
II_rt7#
Description: The tax rate applied to the portion of taxable income below tax bracket 7 and above tax bracket 6. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.396 2014: 0.396 2015: 0.396 2016: 0.396 2017: 0.396 2018: 0.37 2019: 0.37 2020: 0.37 2021: 0.37 2022: 0.37 2023: 0.37 2024: 0.37 2025: 0.37 2026: 0.396 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
II_brk7#
Description: Income below this threshold and above tax bracket 6 is taxed at tax rate 7; income above this threshold is taxed at tax rate 8. Default value is essentially infinity. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = II_brk6 and max = 9e+99 Out-of-Range Action: error
II_rt8#
Description: The tax rate applied to the portion of taxable income above tax bracket 7. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 1.0 2014: 1.0 2015: 1.0 2016: 1.0 2017: 1.0 2018: 1.0 2019: 1.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Other Taxes#
Net Investment Income Tax#
NIIT_thd#
Description: If modified AGI is more than this threshold, filing unit is subject to the Net Investment Income Tax. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [200000.0, 250000.0, 125000.0, 200000.0, 250000.0] 2014: [200000.0, 250000.0, 125000.0, 200000.0, 250000.0] 2015: [200000.0, 250000.0, 125000.0, 200000.0, 250000.0] 2016: [200000.0, 250000.0, 125000.0, 200000.0, 250000.0] 2017: [200000.0, 250000.0, 125000.0, 200000.0, 250000.0] 2018: [200000.0, 250000.0, 125000.0, 200000.0, 250000.0] 2019: [200000.0, 250000.0, 125000.0, 200000.0, 250000.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
NIIT_PT_taxed#
Description: false ==> partnership and S-corp income excluded from NIIT base; true ==> partnership and S-corp income is in NIIT base. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
NIIT_rt#
Description: If modified AGI exceeds NIIT_thd, all net investment income is taxed at this rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.038 2014: 0.038 2015: 0.038 2016: 0.038 2017: 0.038 2018: 0.038 2019: 0.038 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Refundable Credits#
Earned Income Tax Credit#
EITC_c#
Description: This is the maximum amount of earned income credit taxpayers are eligible for; it depends on how many kids they have. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [0kids, 1kid, 2kids, 3+kids] 2013: [487.0, 3250.0, 5372.0, 6044.0] 2014: [496.0, 3305.0, 5460.0, 6143.0] 2015: [503.0, 3359.0, 5548.0, 6242.0] 2016: [506.0, 3373.0, 5572.0, 6269.0] 2017: [510.0, 3400.0, 5616.0, 6318.0] 2018: [519.0, 3461.0, 5716.0, 6431.0] 2019: [529.0, 3526.0, 5828.0, 6557.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
EITC_rt#
Description: Pre-phaseout credit is minimum of this rate times earnings and the maximum earned income credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: for: [0kids, 1kid, 2kids, 3+kids] 2013: [0.0765, 0.34, 0.4, 0.45] 2014: [0.0765, 0.34, 0.4, 0.45] 2015: [0.0765, 0.34, 0.4, 0.45] 2016: [0.0765, 0.34, 0.4, 0.45] 2017: [0.0765, 0.34, 0.4, 0.45] 2018: [0.0765, 0.34, 0.4, 0.45] 2019: [0.0765, 0.34, 0.4, 0.45] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
EITC_basic_frac#
Description: This fraction of EITC_c is always paid as a credit and one minus this fraction is applied to the phasein rate, EITC_rt. This fraction is zero under current law. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0.0 and max = 1.0 Out-of-Range Action: error
EITC_prt#
Description: Earned income credit begins to decrease at the this rate when AGI is higher than earned income credit phaseout start AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: for: [0kids, 1kid, 2kids, 3+kids] 2013: [0.0765, 0.1598, 0.2106, 0.2106] 2014: [0.0765, 0.1598, 0.2106, 0.2106] 2015: [0.0765, 0.1598, 0.2106, 0.2106] 2016: [0.0765, 0.1598, 0.2106, 0.2106] 2017: [0.0765, 0.1598, 0.2106, 0.2106] 2018: [0.0765, 0.1598, 0.2106, 0.2106] 2019: [0.0765, 0.1598, 0.2106, 0.2106] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
EITC_ps#
Description: If AGI is higher than this threshold, the amount of EITC will start to decrease at the phaseout rate. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [0kids, 1kid, 2kids, 3+kids] 2013: [7970.0, 17530.0, 17530.0, 17530.0] 2014: [8110.0, 17830.0, 17830.0, 17830.0] 2015: [8250.0, 18150.0, 18150.0, 18150.0] 2016: [8270.0, 18190.0, 18190.0, 18190.0] 2017: [8340.0, 18340.0, 18340.0, 18340.0] 2018: [8490.0, 18660.0, 18660.0, 18660.0] 2019: [8650.0, 19030.0, 19030.0, 19030.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
EITC_ps_MarriedJ#
Description: This is the additional amount added on the regular phaseout start amount for taxpayers with filling status of married filing jointly. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [0kids, 1kid, 2kids, 3+kids] 2013: [5340.0, 5340.0, 5340.0, 5340.0] 2014: [5430.0, 5430.0, 5430.0, 5430.0] 2015: [5500.0, 5500.0, 5500.0, 5500.0] 2016: [5550.0, 5550.0, 5550.0, 5550.0] 2017: [5590.0, 5590.0, 5590.0, 5590.0] 2018: [5680.0, 5690.0, 5690.0, 5690.0] 2019: [5800.0, 5790.0, 5790.0, 5790.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
EITC_MinEligAge#
Description: For a childless filing unit, at least one individual’s age needs to be no less than this age (but no greater than the EITC_MaxEligAge) in order to be eligible for an earned income tax credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: int Known Values: 2013: 25 2014: 25 2015: 25 2016: 25 2017: 25 2018: 25 2019: 25 Valid Range: min = 0 and max = 125 Out-of-Range Action: error
EITC_MaxEligAge#
Description: For a childless filing unit, at least one individual’s age needs to be no greater than this age (but no less than the EITC_MinEligAge) in order to be eligible for an earned income tax credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: int Known Values: 2013: 64 2014: 64 2015: 64 2016: 64 2017: 64 2018: 64 2019: 64 Valid Range: min = 0 and max = 125 Out-of-Range Action: error
EITC_InvestIncome_c#
Description: The EITC amount is reduced when investment income exceeds this ceiling. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 3300.0 2014: 3350.0 2015: 3400.0 2016: 3400.0 2017: 3450.0 2018: 3500.0 2019: 3600.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
EITC_excess_InvestIncome_rt#
Description: The EITC amount is reduced at this rate per dollar of investment income exceeding the ceiling. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 9e+99 2014: 9e+99 2015: 9e+99 2016: 9e+99 2017: 9e+99 2018: 9e+99 2019: 9e+99 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
EITC_indiv#
Description: Current-law value is false implying EITC is filing-unit based; a value of true implies EITC is computed for each individual wage earner. The additional phaseout start for joint filers is not affected by this parameter, nor are investment income and age eligibilty rules. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
EITC_sep_filers_elig#
Description: Current-law value is false, implying ineligibility. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
New Refundable Child Tax Credit#
CTC_new_c#
Description: In addition to all credits currently available for dependents, this parameter gives each qualifying child a new refundable credit with this maximum amount. Notes: Child age qualification for the new child tax credit is the same as under current-law Child Tax Credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_new_c_under6_bonus#
Description: The maximum amount of the new refundable child tax credit allowed for each child is increased by this amount for qualifying children under 6 years old. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_new_for_all#
Description: The maximum amount of the new refundable child tax credit does not depend on AGI when true; otherwise, see CTC_new_rt. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
CTC_new_rt#
Description: The maximum amount of the new child tax credit is increased at this rate per dollar of positive AGI until CTC_new_c times the number of qualified children is reached if CTC_new_for_all is false; if CTC_new_for_all is true, there is no AGI limitation to the maximum amount. Notes: Child age qualification for the new child tax credit is the same as under current-law Child Tax Credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_new_ps#
Description: The total amount of new child tax credit is reduced for taxpayers with AGI higher than this level. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_new_prt#
Description: The total amount of the new child tax credit is reduced at this rate per dollar exceeding the phaseout starting AGI, CTC_new_ps. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_new_refund_limited#
Description: Specifies whether the new child tax credit refund is limited by the new child tax credit refund limit rate (_CTC_new_refund_limit_payroll_rt). Notes: Set this parameter to true to limit the refundability or false to allow full refundability for all taxpayers. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
CTC_new_refund_limit_payroll_rt#
Description: The fraction of payroll taxes (employee plus employer shares, but excluding all Medicare payroll taxes) that serves as a limit to the amount of new child tax credit that can be refunded. Notes: Set this parameter to zero for no refundability; set it to 9e99 for unlimited refundability for taxpayers with payroll tax liabilities. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CTC_new_refund_limited_all_payroll#
Description: Specifies whether the new child tax credit refund limit rate (_CTC_new_refund_limit_payroll_rt) applies to all FICA taxes (true) or just OASDI taxes (false). Notes: If the new CTC is limited, set this parameter to true to limit the refundability to all FICA taxes or false to limit refundabiity to OASDI taxes. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
Personal Refundable Credit#
II_credit#
Description: This credit amount is fully refundable and is phased out based on AGI. It is available to tax units who would otherwise not file. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
II_credit_ps#
Description: The personal refundable credit amount will be reduced for taxpayers with AGI higher than this threshold level. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
II_credit_prt#
Description: The personal refundable credit amount will be reduced at this rate for each dollar of AGI exceeding the II_credit_ps threshold. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
RRC_c#
Description: This credit amount is fully refundable and is phased out based on AGI. It is available for each person in the filing unit, except for dependent filers. Notes: Enacted for 2021 as part of the American Rescue Plan Act Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
RRC_ps#
Description: The Recovery Rebate Credit amount will be reduced for taxpayers with AGI higher than this threshold level. Notes: Enacted for 2021 as part of the American Rescue Plan Act Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
RRC_pe#
Description: The Recovery Rebate Credit amount will be fully phased out for taxpayers with AGI higher than this threshold level. Notes: Enacted for 2021 as part of the American Rescue Plan Act Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
RRC_prt#
Description: The Recovery Rebate Credit will be phased out at this rate for those with income above the phase out start and below the phase out end. Notes: Used in 2020 as part of the CARES Act Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0.0 and max = 1.0 Out-of-Range Action: warn
RRC_c_unit#
Description: The maximum credit awarded as part of the Recovery Rebate Credit. Notes: Used in 2020 as part of the CARES Act Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0.0 and max = 9e+99 Out-of-Range Action: warn
RRC_c_kids#
Description: The credit awarded for each child in an eligible family as part of the Recovery Rebate Credit. Notes: Used in 2020 as part of the CARES Act Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0.0 and max = 9e+99 Out-of-Range Action: warn
Refundable Payroll Tax Credit#
RPTC_c#
Description: This is the maximum amount of the refundable payroll tax credit for each taxpayer/spouse. Notes: Positive values of RPTC_c and RPTC_rt can be used to emulate a payroll tax exemption, the implied value of which is RPTC_c divided by RPTC_rt. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
RPTC_rt#
Description: Pre-phaseout credit is minimum of this rate times earnings and the maximum refundable payroll tax credit, where earnings is defined as in FICA and SECA. Notes: Positive values of RPTC_c and RPTC_rt can be used to emulate a payroll tax exemption, the implied value of which is RPTC_c divided by RPTC_rt. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
Surtaxes#
Lump-Sum Tax#
LST#
Description: The lump-sum tax is levied on every member of a tax filing unit. The lump-sum tax is included only in combined taxes; it is not included in income or payroll taxes. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = -9e+99 and max = 9e+99 Out-of-Range Action: error
New AGI Surtax#
AGI_surtax_trt#
Description: The surtax rate is applied to the portion of Adjusted Gross Income above the AGI surtax threshold. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
AGI_surtax_thd#
Description: The aggregate gross income above this AGI surtax threshold is taxed at surtax rate on AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2014: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2015: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2016: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2017: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
New Minimum Tax#
FST_AGI_trt#
Description: Individual income taxes and the employee share of payroll taxes are credited against this minimum tax, so the surtax is the difference between the tax rate times AGI and the credited taxes. The new minimum tax is similar to the Fair Share Tax, except that no credits are exempted from the base. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
FST_AGI_thd_lo#
Description: A taxpayer is only subject to the new minimum tax if they exceed this level of AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [1000000.0, 1000000.0, 500000.0, 1000000.0, 1000000.0] 2014: [1000000.0, 1000000.0, 500000.0, 1000000.0, 1000000.0] 2015: [1000000.0, 1000000.0, 500000.0, 1000000.0, 1000000.0] 2016: [1000000.0, 1000000.0, 500000.0, 1000000.0, 1000000.0] 2017: [1000000.0, 1000000.0, 500000.0, 1000000.0, 1000000.0] 2018: [1000000.0, 1000000.0, 500000.0, 1000000.0, 1000000.0] 2019: [1000000.0, 1000000.0, 500000.0, 1000000.0, 1000000.0] Valid Range: min = 0 and max = FST_AGI_thd_hi Out-of-Range Action: error
FST_AGI_thd_hi#
Description: The new minimum tax will be fully phased in at this level of AGI. If there is no phase-in, this upper threshold should be set equal to the lower AGI threshold. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [2000000.0, 2000000.0, 1000000.0, 2000000.0, 2000000.0] 2014: [2000000.0, 2000000.0, 1000000.0, 2000000.0, 2000000.0] 2015: [2000000.0, 2000000.0, 1000000.0, 2000000.0, 2000000.0] 2016: [2000000.0, 2000000.0, 1000000.0, 2000000.0, 2000000.0] 2017: [2000000.0, 2000000.0, 1000000.0, 2000000.0, 2000000.0] 2018: [2000000.0, 2000000.0, 1000000.0, 2000000.0, 2000000.0] 2019: [2000000.0, 2000000.0, 1000000.0, 2000000.0, 2000000.0] Valid Range: min = FST_AGI_thd_lo and max = 9e+99 Out-of-Range Action: error
Universal Basic Income#
UBI Benefits#
UBI_u18#
Description: UBI benefit provided to people under 18. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
UBI_1820#
Description: UBI benefit provided to people 18-20 years of age. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
UBI_21#
Description: UBI benefit provided to people 21 and over. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
UBI Taxability#
UBI_ecrt#
Description: One minus this fraction of UBI benefits are taxable and will be added to AGI. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Benefits#
Benefit Repeal#
BEN_ssi_repeal#
Description: SSI benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_housing_repeal#
Description: Housing benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_snap_repeal#
Description: SNAP benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_tanf_repeal#
Description: TANF benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_vet_repeal#
Description: Veterans benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_wic_repeal#
Description: WIC benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_mcare_repeal#
Description: Medicare benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_mcaid_repeal#
Description: Medicaid benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_oasdi_repeal#
Description: Social Security benefits (e02400) can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_ui_repeal#
Description: Unemployment insurance benefits (e02300) can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
BEN_other_repeal#
Description: Other benefits can be repealed by switching this parameter to true. Has An Effect When Using: PUF data: False CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
Other Parameters (not in Tax-Brain webapp)#
II_em_ps#
Description: If taxpayers’ AGI is above this level, their personal exemption will start to decrease at the personal exemption phaseout rate (PEP provision). Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [250000.0, 300000.0, 150000.0, 275000.0, 300000.0] 2014: [254200.0, 305050.0, 152525.0, 279650.0, 305050.0] 2015: [258250.0, 309900.0, 154950.0, 284040.0, 309900.0] 2016: [259400.0, 311300.0, 155650.0, 285350.0, 311300.0] 2017: [261500.0, 313800.0, 156900.0, 287650.0, 313800.0] 2018: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] 2019: [9e+99, 9e+99, 9e+99, 9e+99, 9e+99] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
STD_Dep#
Description: This is the maximum standard deduction for dependents. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 1000.0 2014: 1000.0 2015: 1050.0 2016: 1050.0 2017: 1050.0 2018: 1050.0 2019: 1100.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
STD_allow_charity_ded_nonitemizers#
Description: Extends the charitable contributions deduction to taxpayers who take the standard deduction. The same ceilings, floor, and haircuts applied to itemized deduction for charitable contributions also apply here as well as a max on the dollar amount for total charitable deductions for those taking the standard deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: bool Known Values: 2013: False 2014: False 2015: False 2016: False 2017: False 2018: False 2019: False Valid Range: min = False and max = True Out-of-Range Action: error
STD_charity_ded_nonitemizers_max#
Description: Puts a ceiling on the dollar of amount of charitable contributions deductions for taxpayers who take the standard deduction. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0.0 and max = 9e+99 Out-of-Range Action: error
UI_em#
Description: The amount of Unemployment Insurance benefits excluded from taxable income. Notes: Enacted retroactively for 2020 by the American Rescue Plan Act of 2021 Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
UI_thd#
Description: Unemployment Insurance exemption is eliminated when AGI minus Unemployment Insurance goes beyond this threshold. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
AMT_child_em#
Description: The child’s AMT exemption is capped by this amount plus the child’s earned income. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 7150.0 2014: 7250.0 2015: 7400.0 2016: 7400.0 2017: 7500.0 2018: 7600.0 2019: 0.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
AMT_child_em_c_age#
Description: Individuals under this age must use the child AMT exemption rules. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: int Known Values: 2013: 18 2014: 18 2015: 18 2016: 18 2017: 18 2018: 18 2019: 18 Valid Range: min = 0 and max = 30 Out-of-Range Action: error
AMT_em_pe#
Description: The AMT exemption is entirely disallowed beyond this AMT taxable income level for individuals who are married but filing separately. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 238550.0 2014: 242450.0 2015: 246250.0 2016: 247450.0 2017: 249450.0 2018: 718800.0 2019: 733700.0 2020: 744998.98 2021: 750437.47 2022: 757566.63 2023: 769536.18 2024: 784388.23 2025: 800075.99 2026: 288949.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
LLC_Expense_c#
Description: The maximum expense eligible for lifetime learning credit, per child. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: True Is Inflation Indexed: False Value Type: float Known Values: 2013: 10000.0 2014: 10000.0 2015: 10000.0 2016: 10000.0 2017: 10000.0 2018: 10000.0 2019: 10000.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ETC_pe_Single#
Description: The education tax credit will be zero for those taxpayers of single filing status with modified AGI (in thousands) higher than this level. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 63.0 2014: 64.0 2015: 65.0 2016: 65.0 2017: 66.0 2018: 67.0 2019: 68.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
ETC_pe_Married#
Description: The education tax credit will be zero for those taxpayers of married filing status with modified AGI level (in thousands) higher than this level. Has An Effect When Using: PUF data: True CPS data: False Can Be Inflation Indexed: True Is Inflation Indexed: True Value Type: float Known Values: 2013: 127.0 2014: 128.0 2015: 130.0 2016: 131.0 2017: 132.0 2018: 134.0 2019: 136.0 Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CR_Charity_rt#
Description: If greater than zero, this decimal fraction represents the portion of total charitable contributions provided as a nonrefundable tax credit. Notes: Credit claimed will be (rt) * (e19800 + e20100) Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
CR_Charity_f#
Description: Only charitable giving in excess of this dollar amount is eligible for the charity credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: for: [single, mjoint, mseparate, headhh, widow] 2013: [0.0, 0.0, 0.0, 0.0, 0.0] 2014: [0.0, 0.0, 0.0, 0.0, 0.0] 2015: [0.0, 0.0, 0.0, 0.0, 0.0] 2016: [0.0, 0.0, 0.0, 0.0, 0.0] 2017: [0.0, 0.0, 0.0, 0.0, 0.0] 2018: [0.0, 0.0, 0.0, 0.0, 0.0] 2019: [0.0, 0.0, 0.0, 0.0, 0.0] Valid Range: min = 0 and max = 9e+99 Out-of-Range Action: error
CR_Charity_frt#
Description: Only charitable giving in excess of this decimal fraction of AGI is eligible for the charity credit. Has An Effect When Using: PUF data: True CPS data: True Can Be Inflation Indexed: False Is Inflation Indexed: False Value Type: float Known Values: 2013: 0.0 2014: 0.0 2015: 0.0 2016: 0.0 2017: 0.0 2018: 0.0 2019: 0.0 Valid Range: min = 0 and max = 1 Out-of-Range Action: error
Social Security FICA#
FICA_ss_trt_employer#Description: Employer side Social Security FICA rate.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 0.062
2014: 0.062
2015: 0.062
2016: 0.062
2017: 0.062
2018: 0.062
2019: 0.062
Valid Range: min = 0 and max = 1
Out-of-Range Action: error
FICA_ss_trt_employee#Description: Employee side Social Security FICA rate.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: False Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 0.062
2014: 0.062
2015: 0.062
2016: 0.062
2017: 0.062
2018: 0.062
2019: 0.062
Valid Range: min = 0 and max = 1
Out-of-Range Action: error
SS_Earnings_c#Description: Individual earnings below this amount are subjected to Social Security (OASDI) payroll tax.
Notes: This parameter is indexed by the rate of growth in average wages, not by the price inflation rate.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: True Is Inflation Indexed: True
Value Type: float
Known Values:
2013: 113700.0
2014: 117000.0
2015: 118500.0
2016: 118500.0
2017: 127200.0
2018: 128400.0
2019: 132900.0
Valid Range: min = 0 and max = 9e+99
Out-of-Range Action: error
SS_Earnings_thd#Description: Individual earnings above this threshold are subjected to Social Security (OASDI) payroll tax, in addition to earnings below the maximum taxable earnings threshold.
Has An Effect When Using: PUF data: True CPS data: True
Can Be Inflation Indexed: True Is Inflation Indexed: False
Value Type: float
Known Values:
2013: 9e+99
2014: 9e+99
2015: 9e+99
2016: 9e+99
2017: 9e+99
2018: 9e+99
2019: 9e+99
Valid Range: min = 0 and max = 9e+99
Out-of-Range Action: error