diff --git a/changelog_entry.yaml b/changelog_entry.yaml index e69de29bb2d..cfa9b570e4c 100644 --- a/changelog_entry.yaml +++ b/changelog_entry.yaml @@ -0,0 +1,4 @@ +- bump: patch + changes: + changed: + - Update DC 2025 tax parameters for Property Tax Credit ($1,425 max, $66,000/$90,000 AGI limits), KCCATC max ($1,200), and KCCATC income limits ($180,100/$90,000), and add 2025 D-40 Booklet references to all DC income tax parameters. diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/additions/self_employment_loss/threshold.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/additions/self_employment_loss/threshold.yaml index dfa50fe6981..ccac0ae3236 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/additions/self_employment_loss/threshold.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/additions/self_employment_loss/threshold.yaml @@ -13,5 +13,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=55 - title: 2024 DC Form D-40 Booklet, Calculation A, Line 6 href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=55 + - title: 2025 DC Form D-40 Booklet, Schedule I, Calculation A, Line 6 + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=64 values: 2021-01-01: 12_000 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/cdcc/match.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/cdcc/match.yaml index 171284f7427..f27f855cf1a 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/cdcc/match.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/cdcc/match.yaml @@ -12,5 +12,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=34 - title: 2024 DC Form D-40 Booklet, Page 34, Line 21 href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=34 + - title: 2025 DC Form D-40 Booklet, Line 21 + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=21 values: 2021-01-01: 0.32 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/with_children/match.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/with_children/match.yaml index 7337b4f950d..ca028345bcf 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/with_children/match.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/with_children/match.yaml @@ -12,6 +12,8 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=34 - title: District of Columbia Tax Changes Take Effect October 1st 2024 href: https://otr.cfo.dc.gov/release/district-columbia-tax-changes-take-effect-october1-24 + - title: 2025 DC Form D-40 Booklet, Line 27c + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=21 values: 2015-01-01: 0.4 # (f)(1)(A) and (f)(1)(B) 2022-01-01: 0.7 # (f)(1)(B-1) diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/without_children/phase_out/start.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/without_children/phase_out/start.yaml index 954c863f38c..c12c69a496b 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/without_children/phase_out/start.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/eitc/without_children/phase_out/start.yaml @@ -16,8 +16,11 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=23 - title: 2024 DC Form D-40 Booklet, Page 23, Line 5 href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=23 + - title: 2025 DC Form D-40 Booklet, Line 5 + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=26 values: 2021-01-01: 19_743 2022-01-01: 20_532 2023-01-01: 21_888 2024-01-01: 22_566 + 2025-01-01: 23_288 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/income_limit.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/income_limit.yaml index f76663dff0c..129beabcabe 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/income_limit.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/income_limit.yaml @@ -26,6 +26,8 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=60 - title: District of Columbia Tax Changes Take Effect October 1st 2024 href: https://otr.cfo.dc.gov/release/district-columbia-tax-changes-take-effect-october1-24 + - title: 2025 DC Form D-40 Booklet, Schedule ELC + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=70 SINGLE: values: @@ -35,6 +37,7 @@ SINGLE: 2022-01-01: 157_200 2023-01-01: 167_400 2024-01-01: 174_300 + 2025-01-01: 180_100 JOINT: values: @@ -45,6 +48,7 @@ JOINT: 2022-01-01: 157_200 2023-01-01: 167_400 2024-01-01: 174_300 + 2025-01-01: 180_100 SEPARATE: values: @@ -55,7 +59,8 @@ SEPARATE: 2022-01-01: 78_600 2023-01-01: 83_700 2024-01-01: 87_100 - + 2025-01-01: 90_000 + HEAD_OF_HOUSEHOLD: values: 2018-01-01: 750_000 # (A) @@ -65,6 +70,7 @@ HEAD_OF_HOUSEHOLD: 2022-01-01: 157_200 2023-01-01: 167_400 2024-01-01: 174_300 + 2025-01-01: 180_100 SURVIVING_SPOUSE: values: @@ -75,3 +81,4 @@ SURVIVING_SPOUSE: 2022-01-01: 157_200 2023-01-01: 167_400 2024-01-01: 174_300 + 2025-01-01: 180_100 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_age.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_age.yaml index d65c1ead353..5fab1812894 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_age.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_age.yaml @@ -14,5 +14,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=59 - title: 2024 DC Form D-40 Booklet, Page 60, Schedule ELC href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=60 + - title: 2025 DC Form D-40 Booklet, Schedule ELC + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=70 values: 2018-01-01: 3 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_amount.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_amount.yaml index 0685d22029e..5453662a440 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_amount.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/kccatc/max_amount.yaml @@ -23,6 +23,8 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=60 - title: District of Columbia Tax Changes Take Effect October 1st 2024 href: https://otr.cfo.dc.gov/release/district-columbia-tax-changes-take-effect-october1-24 + - title: 2025 DC Form D-40 Booklet, Schedule ELC + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=70 values: 2018-01-01: 1_000 2020-01-01: 1_010 @@ -30,3 +32,4 @@ values: 2022-01-01: 1_045 2023-01-01: 1_115 2024-01-01: 1_160 + 2025-01-01: 1_200 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_elderly.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_elderly.yaml index eba6ac2a53d..ce317594255 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_elderly.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_elderly.yaml @@ -19,6 +19,8 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=47 - title: District of Columbia Tax Changes Take Effect October 1st 2024 href: https://otr.cfo.dc.gov/release/district-columbia-tax-changes-take-effect-october1-24 + - title: 2025 DC Form D-40 Booklet, Schedule H + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=55 brackets: - threshold: 2021-01-01: -.inf @@ -30,6 +32,7 @@ brackets: 2022-01-01: 78_600 2023-01-01: 83_700 2024-01-01: 87_100 + 2025-01-01: 90_000 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_nonelderly.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_nonelderly.yaml index 705175d89f1..8a822dfd7aa 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_nonelderly.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/fraction_nonelderly.yaml @@ -19,6 +19,8 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=47 - title: District of Columbia Tax Changes Take Effect October 1st 2024 href: https://otr.cfo.dc.gov/release/district-columbia-tax-changes-take-effect-october1-24 + - title: 2025 DC Form D-40 Booklet, Schedule H + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=55 brackets: - threshold: 2021-01-01: -.inf @@ -38,6 +40,7 @@ brackets: 2022-01-01: 57_600 2023-01-01: 61_300 2024-01-01: 63_900 + 2025-01-01: 66_000 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/max.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/max.yaml index 1dd3b1df0c7..8206bd6b85f 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/max.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/max.yaml @@ -21,8 +21,11 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=47 - title: District of Columbia Tax Changes Take Effect October 1st 2024 href: https://otr.cfo.dc.gov/release/district-columbia-tax-changes-take-effect-october1-24 + - title: 2025 DC Form D-40 Booklet, Schedule H + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=55 values: 2021-01-01: 1_225 2022-01-01: 1_250 2023-01-01: 1_325 2024-01-01: 1_375 + 2025-01-01: 1_425 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/min_elderly_age.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/min_elderly_age.yaml index fe9cf940005..36e9c4f3705 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/min_elderly_age.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/min_elderly_age.yaml @@ -14,5 +14,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=47 - title: 2024 DC Form D-40 Booklet, Page 47, Schedule H href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=47 + - title: 2025 DC Form D-40 Booklet, Schedule H + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=56 values: 2021-01-01: 70 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/rent_ratio.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/rent_ratio.yaml index 6805567a8cf..a0788728ac4 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/rent_ratio.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/credits/ptc/rent_ratio.yaml @@ -12,5 +12,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2022_D-40_Booklet_Final_blk_01_23_23_Ordc.pdf#page=47 - title: 2024 DC Form D-40 Booklet, Page 47, Schedule H href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=47 + - title: 2025 DC Form D-40 Booklet, Schedule H + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=57 values: 2021-01-01: 0.2 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/rate.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/rate.yaml index 9090e2a40ef..2695bf48938 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/rate.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/rate.yaml @@ -11,5 +11,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=17 - title: 2024 DC Form D-40 Booklet, Calculation F Line L href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=17 + - title: 2025 DC Form D-40 Booklet, Calculation F + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=20 values: 2021-01-01: 0.05 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/start.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/start.yaml index 744d69e7549..21eeaf90e18 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/start.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/deductions/itemized/phase_out/start.yaml @@ -12,7 +12,9 @@ metadata: - title: 2023 DC Form D-40 Booklet, Calculation F href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=17 - title: 2024 DC Form D-40 Booklet, Calculation F Line F - href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=47 + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=47 + - title: 2025 DC Form D-40 Booklet, Calculation F + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=20 SINGLE: 2021-01-01: 200_000 JOINT: diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/joint_separately_option.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/joint_separately_option.yaml index 1cc7ecef6c0..f0bdedfb153 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/joint_separately_option.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/joint_separately_option.yaml @@ -11,5 +11,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=44 - title: 2024 DC Form D-40 Booklet, Calculation J href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=44 + - title: 2025 DC Form D-40 Booklet, Calculation J + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=50 values: 2021-01-01: true diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/rates.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/rates.yaml index ffca7a47e9e..a26111da1f0 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/rates.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/rates.yaml @@ -14,6 +14,8 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=17 - title: 2024 DC Form D-40 Booklet, Tax Rate Schedule href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=17 + - title: 2025 DC Form D-40 Booklet, Tax Rate Schedule + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=20 brackets: - threshold: 2021-01-01: 0 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/amount.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/amount.yaml index 22102d88e85..375c7457005 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/amount.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/amount.yaml @@ -13,5 +13,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=56 - title: 2024 DC Form D-40 Booklet, Calculation B Line 7a href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=56 + - title: 2025 DC Form D-40 Booklet, Schedule I Line 7a + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=63 values: 2021-01-01: 10_000 diff --git a/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/income_limit.yaml b/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/income_limit.yaml index 744c3134e29..c78ec5c0cf2 100644 --- a/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/income_limit.yaml +++ b/policyengine_us/parameters/gov/states/dc/tax/income/subtractions/disabled_exclusion/income_limit.yaml @@ -13,5 +13,7 @@ metadata: href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2023_D40_Book_Final_012324.pdf#page=56 - title: 2024 DC Form D-40 Booklet, Calculation B Line 7a href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2024_D40_Booklet_011525.pdf#page=56 + - title: 2025 DC Form D-40 Booklet, Schedule I Line 7a + href: https://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/2025_D40_Book_Final_wLinks_021226_v1.0.pdf#page=63 values: 2021-01-01: 100_000