Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Mortgage Interest Deduction 2018-2025 (TCJA) #5241

Draft
wants to merge 12 commits into
base: master
Choose a base branch
from
Draft

Mortgage Interest Deduction 2018-2025 (TCJA) #5241

Show file tree
Hide file tree
Changes from 8 commits
Commits
Show all changes
12 commits
Select commit Hold shift + click to select a range
79efdcc
Mortgage Interest Deduction 2018-2025 (TCJA)
Oct 16, 2024
639aeea
Merge branch 'master' of https://github.com/PolicyEngine/policyengine…
Oct 17, 2024
1023f7c
Updated references
Oct 17, 2024
1c24226
Updated limits
Oct 22, 2024
11e4157
format
Oct 22, 2024
b561742
Merge branch 'master' of https://github.com/PolicyEngine/policyengine…
Oct 22, 2024
5a40430
Updated reference
Oct 30, 2024
c40fba6
change log
Oct 30, 2024
997ba98
Change log edit
Nov 4, 2024
34dad72
Merge branch 'master' of https://github.com/PolicyEngine/policyengine…
Nov 4, 2024
7d7c2e1
fixed change log
Nov 4, 2024
2e3e5fa
change log
Nov 5, 2024
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
5 changes: 5 additions & 0 deletions changelog_entry.yaml
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -0,0 +1,5 @@
Change log
- bump: minor
changes:
- Revised home mortgage interest deduction limits for pre-2017 debt.
- Updated references.
Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

Suggested change
Change log
- bump: minor
changes:
- Revised home mortgage interest deduction limits for pre-2017 debt.
- Updated references.
- bump: minor
changes:
- Revised home mortgage interest deduction limits for pre-2017 debt.

Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

the changelog entry is only updated once with the high level explanation of what the PR is aimed to achieve

19 changes: 13 additions & 6 deletions policyengine_us/parameters/gov/irs/deductions/itemized/interest/mortgage/cap.yaml
View file
Open in desktop
Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

need a changelog entry

Original file line number Diff line number Diff line change
@@ -1,14 +1,19 @@
description: IRS limits the total home mortgage interest deduction to this amount, based on filing status.
SINGLE:
2018-01-01: 1_000_000
2017-12-16: 1_000_000
2018-01-01: 750_000
JOINT:
2018-01-01: 1_000_000
2017-12-16: 1_000_000
2018-01-01: 750_000
SEPARATE:
2018-01-01: 500_000
2017-12-16: 500_000
2018-01-01: 375_000
HEAD_OF_HOUSEHOLD:
2018-01-01: 1_000_000
2017-12-16: 1_000_000
2018-01-01: 750_000
SURVIVING_SPOUSE:
2018-01-01: 1_000_000
2017-12-16: 1_000_000
2018-01-01: 750_000
metadata:
breakdown: filing_status
unit: currency-USD
Expand All @@ -17,5 +22,7 @@ metadata:
# Hawaii applies this AGI threshold in the state itemized deductions computation
- title: Hawaii Income Tax Law, Chapter 235, Section 235-2.4, (j)(3)
href: https://files.hawaii.gov/tax/legal/hrs/hrs_235.pdf#page=10
- title: 26 U.S. Code § 163 - Interest, (h)(3)(F)
- title: 26 U.S. Code § 163 - Interest, (h)
href: https://www.law.cornell.edu/uscode/text/26/163
- title: Tax Cuts and Jobs Act, 131 STAT. 2086, SEC. 11043, (a)(F)(ii)
href: https://www.congress.gov/115/statute/STATUTE-131/STATUTE-131-Pg2054.pdf#page=2054
Loading