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2025 Income and Capital Gains Thresholds #5264

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merged 3 commits into from
Oct 23, 2024
Merged

2025 Income and Capital Gains Thresholds #5264

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8b438f4
Fixes #5263
DTrim99 Oct 22, 2024
0b062ac
Fixes #5263 (added page numbers)
DTrim99 Oct 23, 2024
4c985e8
Fixes #5263 (final version)
DTrim99 Oct 23, 2024
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4 changes: 4 additions & 0 deletions changelog_entry.yaml
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -0,0 +1,4 @@
- bump: minor
changes:
added:
- 2025 income and capital gains thresholds.
12 changes: 12 additions & 0 deletions policyengine_us/parameters/gov/irs/capital_gains/brackets.yaml
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Original file line number Diff line number Diff line change
Expand Up @@ -15,6 +15,8 @@ thresholds:
unit: currency-USD
period: year
reference:
- title: 2025 IRS data release
href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=7
- title: 2024 IRS data release
href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=8
- title: 2023 IRS data release
Expand Down Expand Up @@ -46,6 +48,7 @@ thresholds:
2022-01-01: 55_800
2023-01-01: 59_750
2024-01-01: 63_000
2025-01-01: 64_750
JOINT:
values:
2013-01-01: 72_500
Expand All @@ -60,6 +63,7 @@ thresholds:
2022-01-01: 83_350
2023-01-01: 89_250
2024-01-01: 94_050
2025-01-01: 96_700
SEPARATE:
values:
2013-01-01: 36_250
Expand All @@ -74,6 +78,7 @@ thresholds:
2022-01-01: 41_675
2023-01-01: 44_625
2024-01-01: 47_025
2025-01-01: 48_350
SINGLE:
values:
2013-01-01: 36_250
Expand All @@ -88,6 +93,7 @@ thresholds:
2022-01-01: 41_675
2023-01-01: 44_625
2024-01-01: 47_025
2025-01-01: 48_350
SURVIVING_SPOUSE:
values:
2013-01-01: 72_500
Expand All @@ -102,6 +108,7 @@ thresholds:
2022-01-01: 83_350
2023-01-01: 89_250
2024-01-01: 94_050
2025-01-01: 96_700
2:
HEAD_OF_HOUSEHOLD:
values:
Expand All @@ -117,6 +124,7 @@ thresholds:
2022-01-01: 488_500
2023-01-01: 523_050
2024-01-01: 551_350
2025-01-01: 566_700
JOINT:
values:
2013-01-01: 450_000
Expand All @@ -131,6 +139,7 @@ thresholds:
2022-01-01: 517_200
2023-01-01: 553_850
2024-01-01: 583_750
2025-01-01: 600_050
SEPARATE:
values:
2013-01-01: 225_000
Expand All @@ -145,6 +154,7 @@ thresholds:
2022-01-01: 258_600
2023-01-01: 276_900
2024-01-01: 291_850
2025-01-01: 300_000
SINGLE:
values:
2013-01-01: 400_000
Expand All @@ -159,6 +169,7 @@ thresholds:
2022-01-01: 459_750
2023-01-01: 492_300
2024-01-01: 518_900
2025-01-01: 533_400
SURVIVING_SPOUSE:
values:
2013-01-01: 450_000
Expand All @@ -173,3 +184,4 @@ thresholds:
2022-01-01: 517_200
2023-01-01: 553_850
2024-01-01: 583_750
2025-01-01: 600_050
60 changes: 32 additions & 28 deletions policyengine_us/parameters/gov/irs/income/bracket.yaml
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -42,6 +42,8 @@ thresholds:
period: year
propagate_metadata_to_children: true
reference:
- title: 2025 IRS data release
href: https://www.irs.gov/pub/irs-drop/rp-24-40.pdf#page=5
- title: 2024 IRS data release
href: https://www.irs.gov/pub/irs-drop/rp-23-34.pdf#page=5
- title: 2023 IRS data release
Expand All @@ -67,8 +69,8 @@ thresholds:
2022-01-01: 10_275
2023-01-01: 11_000
2024-01-01: 11_600
2025-01-01: 11_925
# CBO forecast.
2025-01-01: 11_900
2026-01-01: 12_125
2027-01-01: 12_375
2028-01-01: 12_625
Expand All @@ -93,8 +95,8 @@ thresholds:
2022-01-01: 20_550
2023-01-01: 22_000
2024-01-01: 23_200
2025-01-01: 23_850
# CBO forecast.
2025-01-01: 23_800
2026-01-01: 24_250
2027-01-01: 24_750
2028-01-01: 25_250
Expand All @@ -119,8 +121,8 @@ thresholds:
2022-01-01: 10_275
2023-01-01: 11_000
2024-01-01: 11_600
2025-01-01: 11_925
# CBO forecast.
2025-01-01: 11_900
2026-01-01: 12_125
2027-01-01: 12_375
2028-01-01: 12_625
Expand All @@ -145,8 +147,8 @@ thresholds:
2022-01-01: 14_650
2023-01-01: 15_700
2024-01-01: 16_550
2025-01-01: 17_000
# CBO forecast.
2025-01-01: 16_950
2026-01-01: 17_300
2027-01-01: 17_700
2028-01-01: 18_000
Expand All @@ -171,8 +173,8 @@ thresholds:
2022-01-01: 20_550
2023-01-01: 22_000
2024-01-01: 23_200
2025-01-01: 23_850
# CBO forecast.
2025-01-01: 23_800
2026-01-01: 24_250
2027-01-01: 24_750
2028-01-01: 25_250
Expand All @@ -198,8 +200,8 @@ thresholds:
2022-01-01: 41_775
2023-01-01: 44_725
2024-01-01: 47_150
2025-01-01: 48_475
# CBO forecast.
2025-01-01: 48_350
2026-01-01: 49_250
2027-01-01: 50_300
2028-01-01: 51_250
Expand All @@ -224,8 +226,8 @@ thresholds:
2022-01-01: 83_550
2023-01-01: 89_450
2024-01-01: 94_300
2025-01-01: 96_950
# CBO forecast.
2025-01-01: 96_700
2026-01-01: 98_500
2027-01-01: 100_600
2028-01-01: 102_500
Expand All @@ -250,8 +252,8 @@ thresholds:
2022-01-01: 41_775
2023-01-01: 44_725
2024-01-01: 47_150
2025-01-01: 48_475
# CBO forecast.
2025-01-01: 48_350
2026-01-01: 49_250
2027-01-01: 50_300
2028-01-01: 51_250
Expand All @@ -276,8 +278,8 @@ thresholds:
2022-01-01: 55_900
2023-01-01: 59_850
2024-01-01: 63_100
2025-01-01: 64_850
# CBO forecast.
2025-01-01: 64_700
2026-01-01: 66_000
2027-01-01: 67_350
2028-01-01: 68_650
Expand All @@ -302,8 +304,8 @@ thresholds:
2022-01-01: 83_550
2023-01-01: 89_450
2024-01-01: 94_300
2025-01-01: 96_950
# CBO forecast.
2025-01-01: 96_700
2026-01-01: 98_500
2027-01-01: 100_600
2028-01-01: 102_500
Expand All @@ -329,8 +331,8 @@ thresholds:
2022-01-01: 89_075
2023-01-01: 95_375
2024-01-01: 100_525
2025-01-01: 103_350
# CBO forecast.
2025-01-01: 103_100
2026-01-01: 119_300
2027-01-01: 121_750
2028-01-01: 124_150
Expand All @@ -355,8 +357,8 @@ thresholds:
2022-01-01: 178_150
2023-01-01: 190_750
2024-01-01: 201_050
2025-01-01: 206_700
# CBO forecast.
2025-01-01: 206_200
2026-01-01: 198_800
2027-01-01: 202_950
2028-01-01: 206_900
Expand All @@ -381,8 +383,8 @@ thresholds:
2022-01-01: 89_075
2023-01-01: 95_375
2024-01-01: 100_525
2025-01-01: 103_350
# CBO forecast.
2025-01-01: 103_100
2026-01-01: 99_400
2027-01-01: 101_475
2028-01-01: 103_450
Expand All @@ -407,8 +409,8 @@ thresholds:
2022-01-01: 89_050
2023-01-01: 95_350
2024-01-01: 100_500
2025-01-01: 103_350
# CBO forecast.
2025-01-01: 103_100
2026-01-01: 170_350
2027-01-01: 173_900
2028-01-01: 177_300
Expand All @@ -433,8 +435,8 @@ thresholds:
2022-01-01: 178_150
2023-01-01: 190_750
2024-01-01: 201_050
2025-01-01: 206_700
# CBO forecast.
2025-01-01: 206_200
2026-01-01: 198_800
2027-01-01: 202_950
2028-01-01: 206_900
Expand All @@ -460,8 +462,8 @@ thresholds:
2022-01-01: 170_050
2023-01-01: 182_100
2024-01-01: 191_950
2025-01-01: 197_300
# CBO forecast.
2025-01-01: 196_825
2026-01-01: 248_850
2027-01-01: 254_000
2028-01-01: 258_950
Expand All @@ -486,6 +488,7 @@ thresholds:
2022-01-01: 340_100
2023-01-01: 364_200
2024-01-01: 383_900
2025-01-01: 394_600
# CBO forecast.
2035-01-01: 393_650
2036-01-01: 302_950
Expand All @@ -512,8 +515,8 @@ thresholds:
2022-01-01: 170_050
2023-01-01: 182_100
2024-01-01: 191_950
2025-01-01: 197_300
# CBO forecast.
2025-01-01: 196_825
2026-01-01: 151_475
2027-01-01: 154_625
2028-01-01: 157_625
Expand All @@ -538,8 +541,8 @@ thresholds:
2022-01-01: 170_050
2023-01-01: 182_100
2024-01-01: 191_950
2025-01-01: 197_300
# CBO forecast.
2025-01-01: 196_800
2026-01-01: 275_900
2027-01-01: 281_650
2028-01-01: 287_100
Expand All @@ -564,6 +567,7 @@ thresholds:
2022-01-01: 340_100
2023-01-01: 364_200
2024-01-01: 383_900
2025-01-01: 394_600
# CBO forecast.
2035-01-01: 393_650
2036-01-01: 302_950
Expand Down Expand Up @@ -591,8 +595,8 @@ thresholds:
2022-01-01: 215_950
2023-01-01: 231_250
2024-01-01: 243_725
2025-01-01: 250_525
# CBO forecast.
2025-01-01: 249_950
2026-01-01: 541_000
2027-01-01: 552_250
2028-01-01: 563_000
Expand All @@ -617,8 +621,8 @@ thresholds:
2022-01-01: 431_900
2023-01-01: 462_500
2024-01-01: 487_450
2025-01-01: 501_050
# CBO forecast.
2025-01-01: 499_900
2026-01-01: 541_000
2027-01-01: 552_250
2028-01-01: 563_000
Expand All @@ -643,8 +647,8 @@ thresholds:
2022-01-01: 215_950
2023-01-01: 231_250
2024-01-01: 243_725
2025-01-01: 250_525
# CBO forecast.
2025-01-01: 249_950
2026-01-01: 270_500
2027-01-01: 276_125
2028-01-01: 281_500
Expand All @@ -669,8 +673,8 @@ thresholds:
2022-01-01: 215_950
2023-01-01: 231_250
2024-01-01: 243_700
2025-01-01: 250_500
# CBO forecast.
2025-01-01: 249_950
2026-01-01: 541_000
2027-01-01: 552_250
2028-01-01: 563_000
Expand All @@ -695,8 +699,8 @@ thresholds:
2022-01-01: 431_900
2023-01-01: 462_500
2024-01-01: 487_450
2025-01-01: 501_050
# CBO forecast.
2025-01-01: 499_900
2026-01-01: 541_000
2027-01-01: 552_250
2028-01-01: 563_000
Expand All @@ -722,8 +726,8 @@ thresholds:
2022-01-01: 539_000
2023-01-01: 578_125
2024-01-01: 609_350
2025-01-01: 626_350
# CBO forecast.
2025-01-01: 624_900
2026-01-01: 543_200
2027-01-01: 554_500
2028-01-01: 565_300
Expand All @@ -748,8 +752,8 @@ thresholds:
2022-01-01: 647_850
2023-01-01: 693_750
2024-01-01: 731_200
2025-01-01: 751_600
# CBO forecast.
2025-01-01: 749_850
2026-01-01: 611_100
2027-01-01: 623_800
2028-01-01: 635_950
Expand All @@ -774,8 +778,8 @@ thresholds:
2022-01-01: 323_925
2023-01-01: 346_875
2024-01-01: 365_600
2025-01-01: 375_800
# CBO forecast.
2025-01-01: 374_925
2026-01-01: 305_550
2027-01-01: 311_900
2028-01-01: 317_975
Expand All @@ -800,8 +804,8 @@ thresholds:
2022-01-01: 539_900
2023-01-01: 578_100
2024-01-01: 609_350
2025-01-01: 626_350
# CBO forecast.
2025-01-01: 624_900
2026-01-01: 577_150
2027-01-01: 589_150
2028-01-01: 600_600
Expand All @@ -826,8 +830,8 @@ thresholds:
2022-01-01: 647_850
2023-01-01: 693_750
2024-01-01: 731_200
2025-01-01: 751_600
# CBO forecast.
2025-01-01: 749_850
2026-01-01: 611_100
2027-01-01: 623_800
2028-01-01: 635_950
Expand Down