diff --git a/changelog.d/fixed/9008.md b/changelog.d/fixed/9008.md new file mode 100644 index 00000000000..cead5ebcbb3 --- /dev/null +++ b/changelog.d/fixed/9008.md @@ -0,0 +1 @@ +- Fixed the Connecticut pension and annuity subtraction to not apply the 2024 phase-out rates in 2019-2023, when the subtraction ended at the AGI cliff. diff --git a/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/joint.yaml b/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/joint.yaml index 33a50efe194..d5a11485515 100644 --- a/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/joint.yaml +++ b/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/joint.yaml @@ -33,32 +33,40 @@ brackets: - threshold: 2024-01-01: 105_000 amount: + 2019-01-01: 0 2024-01-01: 0.7 - threshold: 2024-01-01: 110_000 amount: + 2019-01-01: 0 2024-01-01: 0.55 - threshold: 2024-01-01: 115_000 amount: + 2019-01-01: 0 2024-01-01: 0.4 - threshold: 2024-01-01: 120_000 amount: + 2019-01-01: 0 2024-01-01: 0.25 - threshold: 2024-01-01: 125_000 amount: + 2019-01-01: 0 2024-01-01: 0.1 - threshold: 2024-01-01: 130_000 amount: + 2019-01-01: 0 2024-01-01: 0.05 - threshold: 2024-01-01: 140_000 amount: + 2019-01-01: 0 2024-01-01: 0.025 - threshold: 2024-01-01: 150_000 amount: + 2019-01-01: 0 2024-01-01: 0 diff --git a/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/non_joint.yaml b/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/non_joint.yaml index 8bdf8f1446d..b28fbe31fd0 100644 --- a/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/non_joint.yaml +++ b/policyengine_us/parameters/gov/states/ct/tax/income/subtractions/pensions_or_annuity/non_joint.yaml @@ -33,32 +33,40 @@ brackets: - threshold: 2024-01-01: 77_500 amount: + 2019-01-01: 0 2024-01-01: 0.7 - threshold: 2024-01-01: 80_000 amount: + 2019-01-01: 0 2024-01-01: 0.55 - threshold: 2024-01-01: 82_500 amount: + 2019-01-01: 0 2024-01-01: 0.4 - threshold: 2024-01-01: 85_000 amount: + 2019-01-01: 0 2024-01-01: 0.25 - threshold: 2024-01-01: 87_500 amount: + 2019-01-01: 0 2024-01-01: 0.1 - threshold: 2024-01-01: 90_000 amount: + 2019-01-01: 0 2024-01-01: 0.05 - threshold: 2024-01-01: 95_000 amount: + 2019-01-01: 0 2024-01-01: 0.025 - threshold: 2024-01-01: 100_000 amount: + 2019-01-01: 0 2024-01-01: 0 diff --git a/policyengine_us/tests/policy/baseline/gov/states/ct/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/ct/tax/income/integration.yaml index 84b9e738aa8..e783648bcb3 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/ct/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/ct/tax/income/integration.yaml @@ -103,3 +103,31 @@ output: income_tax: -733 ct_income_tax: 2_415 +- name: CT 2021 joint filer with federal AGI above the 100k cliff gets no pension and annuity subtraction (taxsim 1077) + period: 2021 + absolute_error_margin: 2 + input: + people: + head: + age: 71 + taxable_private_pension_income: 46_772.66 + taxable_interest_income: 955.58 + social_security_retirement: 10_204.63 + spouse: + age: 69 + taxable_private_pension_income: 46_772.66 + taxable_interest_income: 955.58 + social_security_retirement: 10_204.63 + tax_units: + tax_unit: + members: [head, spouse] + households: + household: + members: [head, spouse] + state_code: CT + output: + adjusted_gross_income: 112_804 + ct_pension_annuity_subtraction: 0 + ct_social_security_benefit_adjustment: 12_246 + ct_agi: 100_559 + ct_income_tax: 4_671