From dac320fb41c7786b4dd0dccc878133de0bacd88d Mon Sep 17 00:00:00 2001 From: "Shuyu Zhan (Stella)" <94806484+shuyu7zhan@users.noreply.github.com> Date: Tue, 24 Dec 2024 10:52:44 -0500 Subject: [PATCH] Estate Tax Credit Exemption 2026 (#5399) * Estate Tax Credit Exemption 2026 Fixes #5171 * changelog * calculation * Estate Tax Credit Exemption 2026 Fixes #5171 * minor --------- Co-authored-by: PavelMakarchuk --- changelog_entry.yaml | 4 ++++ policyengine_us/parameters/gov/irs/credits/estate/base.yaml | 6 +++++- 2 files changed, 9 insertions(+), 1 deletion(-) diff --git a/changelog_entry.yaml b/changelog_entry.yaml index e69de29bb2d..c2e67d791a1 100644 --- a/changelog_entry.yaml +++ b/changelog_entry.yaml @@ -0,0 +1,4 @@ +- bump: minor + changes: + added: + - 2026 Estate Tax Credit Exemption amount. diff --git a/policyengine_us/parameters/gov/irs/credits/estate/base.yaml b/policyengine_us/parameters/gov/irs/credits/estate/base.yaml index 43b39720669..159ed8b62a0 100644 --- a/policyengine_us/parameters/gov/irs/credits/estate/base.yaml +++ b/policyengine_us/parameters/gov/irs/credits/estate/base.yaml @@ -54,4 +54,8 @@ values: 2022-01-01: 12_060_000 2023-01-01: 12_920_000 2024-01-01: 13_610_000 - 2025-01-01: 13_990_000 + 2025-01-01: 13_990_000 + # Based on the legal code, we use 2017 value as the base + # and cpi_w (2026Q1 projection) for uprating + # 5,000,000 * 321.701 (2026Q1) / 236.854 (2017-01-01) + 2026-01-01: 6_790_000