Closed TylerEvilsizer closed 4 years ago
@TylerEvilsizer thanks for opening this issue!
Tax-Calculator sets this as an indexed parameter (see value of "indexed" in the parameter definition).
@MattHJensen @Peter-Metz @andersonfrailey Can you comment on whether this parameter should be indexed or not?
@TylerEvilsizer is correct that the cap should not be indexed to inflation. I will fix this in Tax-Calculator. Thanks very much for the bug report @TylerEvilsizer!
This is now fixed in taxcalc 2.7.0 thanks to a PR from @MaxGhenis.
@hdoupe, is there something you can do to trigger a rebuild of Tax-Brain on Compute Studio, or do we need a new Tax-Brain release?
Yep, I'll build it from master. I'll comment back when it's up.
Thanks all!
On Fri, Dec 13, 2019 at 2:21 PM Henry Doupe notifications@github.com wrote:
Yep, I'll build it from master. I'll comment back when it's up.
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All set! Tax-Brain, Tax-Cruncher, and Cost-of-Capital-Calculator are all running Tax-Calculator 2.7.0 Thanks again for the bug report @TylerEvilsizer!
It appears that Tax Brain's baseline settings index the $10,000 cap on the state and local tax deduction for inflation, but it should not be. The limit does not increase with inflation...it's $10,000 for all years ($5,000 for married filing separately)