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PolicyEngine / policyengine-taxsim

TAXSIM emulator using the PolicyEngine US federal and state tax calculator
MIT License
2 stars 7 forks source link

NM 2023 Joint 2x9K wages #110

Closed feenberg closed 1 week ago

feenberg commented 1 week ago

NM 2023 Joint 2x9K wages

http://taxsim.nber.org/out2psl/nm

Emulator -1756, TaxAct -1599

PavelMakarchuk commented 1 week ago

@feenberg The difference here is the New Mexico low income comprehensive tax rebate which I believe the married household with one dependent is entitled to, I dont think TaxAct accounted for this rebate

Table: image

feenberg commented 1 week ago

Yes, I went back and found where in TaxAct it was necessary to claim this.