Finish updating Tax-Calculator to 4.3.0 version

PSLmodels · Oct 1, 2024 · df98ae5 · df98ae5
1 parent 44b4336
commit df98ae5
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Showing 4 changed files with 29 additions and 5 deletions.
diff --git a/docs/contributing/RELEASING.md b/docs/contributing/RELEASING.md
@@ -19,7 +19,7 @@ Create new `taxcalc` packages
 
 --> run `python ppp.py`  [to update policy_current_law.json if needed]
 
---> run `python extend_tcja.py > ext.json`  [to update reforms/ext.json if needed]
+--> run `python extend_tcja.py > ext.json`  [to update reforms/ext.json]
 
 --> run `make tctest-jit`  [to make sure JIT decorators are not hiding bugs]
 

diff --git a/docs/index.md b/docs/index.md
@@ -57,7 +57,7 @@ The cross-model validation work with NBER's TAXSIM-27 model is described
 
 ## Latest release
 
-{doc}`4.2.2 (2024-09-14) <about/releases>`
+{doc}`4.3.0 (2024-10-02) <about/releases>`
 
 If you are already using Tax-Calculator, upgrade using the following command:
 

diff --git a/taxcalc/reforms/ext.json b/taxcalc/reforms/ext.json
@@ -1,5 +1,5 @@
 // REFORM TO EXTEND TEMPORARY TCJA PROVISIONS BEYOND 2025
-// USING TAX-CALCULATOR 4.2.2b
+// USING TAX-CALCULATOR 4.3.0
 // WITH 2025-to-2026 INDEXING FACTOR = 1.022000
 //  AND 2028-to-2029 INDEXING FACTOR = 1.019400
 {

diff --git a/update_pcl.py b/update_pcl.py
@@ -326,6 +326,32 @@
         {'year': 2024, 'MARS': 'headhh', 'value': 305000.0},
         {'year': 2024, 'MARS': 'widow', 'value': 610000.0},
     ],
+    'FST_AGI_thd_lo': [  # not inflation-indexed, but needs to be here
+        {'year': 2023, 'MARS': 'single', 'value': 1000000.0},
+        {'year': 2023, 'MARS': 'mjoint', 'value': 1000000.0},
+        {'year': 2023, 'MARS': 'mseparate', 'value': 500000.0},
+        {'year': 2023, 'MARS': 'headhh', 'value': 1000000.0},
+        {'year': 2023, 'MARS': 'widow', 'value': 1000000.0},
+
+        {'year': 2024, 'MARS': 'single', 'value': 1000000.0},
+        {'year': 2024, 'MARS': 'mjoint', 'value': 1000000.0},
+        {'year': 2024, 'MARS': 'mseparate', 'value': 500000.0},
+        {'year': 2024, 'MARS': 'headhh', 'value': 1000000.0},
+        {'year': 2024, 'MARS': 'widow', 'value': 1000000.0},
+    ],
+    'FST_AGI_thd_hi': [  # not inflation-indexed, but needs to be here
+        {'year': 2023, 'MARS': 'single', 'value': 2000000.0},
+        {'year': 2023, 'MARS': 'mjoint', 'value': 2000000.0},
+        {'year': 2023, 'MARS': 'mseparate', 'value': 1000000.0},
+        {'year': 2023, 'MARS': 'headhh', 'value': 2000000.0},
+        {'year': 2023, 'MARS': 'widow', 'value': 2000000.0},
+
+        {'year': 2024, 'MARS': 'single', 'value': 2000000.0},
+        {'year': 2024, 'MARS': 'mjoint', 'value': 2000000.0},
+        {'year': 2024, 'MARS': 'mseparate', 'value': 1000000.0},
+        {'year': 2024, 'MARS': 'headhh', 'value': 2000000.0},
+        {'year': 2024, 'MARS': 'widow', 'value': 2000000.0},
+    ],
     # ITEMS NOT PART OF CURRENT-LAW POLICY IN 2022-2025 PERIOD:
     'ALD_Dependents_Child_c': LIST_SCALAR_ZERO,
     'ALD_Dependents_Elder_c': LIST_SCALAR_ZERO,
@@ -349,8 +375,6 @@
     'PT_qbid_ps': LIST_MARS_INF,
     'RPTC_c': LIST_SCALAR_ZERO,
     'CTC_new_ps': LIST_MARS_ZERO,
-    'FST_AGI_thd_lo': LIST_MARS_INF,
-    'FST_AGI_thd_hi': LIST_MARS_INF,
     'AGI_surtax_thd': LIST_MARS_INF,
     'UBI_u18': LIST_SCALAR_ZERO,
     'UBI_1820': LIST_SCALAR_ZERO,