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Update fix conflict branch #2672

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merged 3 commits into from
Jan 19, 2023
Merged

Update fix conflict branch #2672

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dc5f6b6
change CDCC rate scale
jdebacker Jan 19, 2023
cdc449d
Merge branch 'v4_development' into pr-2670
jdebacker Jan 19, 2023
c37e14e
Merge pull request #2671 from jdebacker/pr-2670
jdebacker Jan 19, 2023
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38 changes: 19 additions & 19 deletions docs/guide/policy_params.md
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Original file line number Diff line number Diff line change
Expand Up @@ -756,41 +756,41 @@ _Out-of-Range Action:_ error


#### `CDCC_crt`
_Description:_ The maximum percentage rate for the CDCC; this percentage rate decreases as AGI rises above the CDCC_ps level.
_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: 35.0
2014: 35.0
2015: 35.0
2016: 35.0
2017: 35.0
2018: 35.0
2019: 35.0
_Valid Range:_ min = 0 and max = 100
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 percentage rate for the first AGI phaseout of the CDCC.
_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: 20.0
2014: 20.0
2015: 20.0
2016: 20.0
2017: 20.0
2018: 20.0
2019: 20.0
_Valid Range:_ min = 0 and max = 100
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 dollary of AGI over the phase-out thresholds.
_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
Expand Down
15 changes: 12 additions & 3 deletions taxcalc/calcfunctions.py
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Expand Up @@ -2128,15 +2128,23 @@ def F2441(MARS, earned_p, earned_s, f2441, CDCC_c, e32800,
c00100: float
Adjusted Gross Income (AGI)
CDCC_ps: float
Child/dependent care credit phaseout start
Child/dependent care credit first phaseout start
CDCC_ps2: float
Child/dependent care credit second phaseout start
CDCC_crt: float
Child/dependent care credit phaseout percentage rate ceiling
Child/dependent care credit phaseout rate ceiling
CDCC_frt: float
Child/dependent care credit phaseout rate floor
CDCC_prt: float
Child/dependent care credit phaseout rate
c05800: float
Total (regular + AMT) income tax liability before credits
e07300: float
Foreign tax credit from Form 1116
c07180: float
Credit for child and dependent care expenses from Form 2441
CDCC_refund: bool
Indicator for whether CDCC is refundable

Returns
-------
Expand Down Expand Up @@ -2168,7 +2176,8 @@ def F2441(MARS, earned_p, earned_s, f2441, CDCC_c, e32800,
if c00100 > CDCC_ps2:
crate = max(0., CDCC_frt -
max(((c00100 - CDCC_ps2) * CDCC_prt), 0.))
c33200 = c33000 * 0.01 * crate

c33200 = c33000 * crate
# credit is limited by tax liability if not refundable
if CDCC_refundable:
c07180 = 0.
Expand Down
30 changes: 15 additions & 15 deletions taxcalc/policy_current_law.json
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Expand Up @@ -16277,8 +16277,8 @@
}
},
"CDCC_crt": {
"title": "Child & dependent care credit phaseout percentage rate ceiling",
"description": "The maximum percentage rate for the CDCC; this percentage rate decreases as AGI rises above the CDCC_ps level.",
"title": "Child & dependent care credit phaseout rate ceiling",
"description": "The maximum rate for the CDCC; this rate decreases as AGI rises above the CDCC_ps level.",
"notes": "",
"section_1": "Nonrefundable Credits",
"section_2": "Child And Dependent Care",
Expand All @@ -16288,21 +16288,21 @@
"value": [
{
"year": 2013,
"value": 35.0
"value": 0.350
},
{
"year": 2021,
"value": 50.0
"value": 0.500
},
{
"year": 2022,
"value": 35.0
"value": 0.350
}
],
"validators": {
"range": {
"min": 0,
"max": 100
"max": 1
}
},
"compatible_data": {
Expand All @@ -16311,8 +16311,8 @@
}
},
"CDCC_frt": {
"title": "Child & dependent care credit phaseout percentage rate floor",
"description": "The minimum percentage rate for the first AGI phaseout of the CDCC.",
"title": "Child & dependent care credit phaseout rate floor",
"description": "The minimum rate for the first AGI phaseout of the CDCC.",
"notes": "",
"section_1": "Nonrefundable Credits",
"section_2": "Child And Dependent Care",
Expand All @@ -16322,13 +16322,13 @@
"value": [
{
"year": 2013,
"value": 20.0
"value": 0.200
}
],
"validators": {
"range": {
"min": 0,
"max": 100
"max": 1
}
},
"compatible_data": {
Expand All @@ -16337,9 +16337,9 @@
}
},
"CDCC_prt": {
"title": "Child & dependent care credit phaseout percentage rate",
"description": "The CDCC credit rate is reduced by this many percentage points for each dollary 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.",
"title": "Child & dependent care credit phaseout rate",
"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. 0.01 / 2000 = 0.000005",
"section_1": "Nonrefundable Credits",
"section_2": "Child And Dependent Care",
"indexable": false,
Expand All @@ -16348,7 +16348,7 @@
"value": [
{
"year": 2013,
"value": 0.0005
"value": 5e-06
}
],
"validators": {
Expand Down Expand Up @@ -20585,4 +20585,4 @@
"cps": true
}
}
}
}
4 changes: 2 additions & 2 deletions taxcalc/reforms/ARPA.json
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Expand Up @@ -59,8 +59,8 @@
"2022": 15000},
"CDCC_ps2": {"2021": 400000,
"2022": 9e+99},
"CDCC_crt": {"2021": 50.0,
"2022": 35.0},
"CDCC_crt": {"2021": 0.5,
"2022": 0.35},
"CDCC_refundable": {"2021": true,
"2022": false},
"ALD_BusinessLosses_c": {"2026": [283535.22, 567070.42, 283535.22, 283535.22, 567070.42],
Expand Down