PSLmodels · jdebacker · Nov 17, 2024 · Nov 13, 2024 · Nov 13, 2024 · Nov 15, 2024
diff --git a/.github/workflows/build_and_test.yml b/.github/workflows/build_and_test.yml
@@ -27,7 +27,7 @@ jobs:
       - name: Build
         shell: bash -l {0}
         run: |
-          pip install -e . --user
+          pip install -e . --user --config-settings editable_mode=compat
           pip install pytest-cov --user
           pip install pytest-pycodestyle --user
 

diff --git a/.github/workflows/check_jupyterbook.yml b/.github/workflows/check_jupyterbook.yml
@@ -23,7 +23,7 @@ jobs:
         run: |
           pip install jupyter-book
           conda install -c pslmodels behresp
-          pip install -e .
+          pip install -e . --config-settings editable_mode=compat
           python docs/guide/make/make_uguide.py
           cd docs
           jb build .
diff --git a/.github/workflows/deploy_jupyterbook.yml b/.github/workflows/deploy_jupyterbook.yml
@@ -26,7 +26,7 @@ jobs:
         run: |
           pip install jupyter-book
           conda install -c pslmodels behresp
-          pip install -e .
+          pip install -e . --config-settings editable_mode=compat
           cd docs
           jb build .
 

diff --git a/.github/workflows/deploy_parameters_docs.yml b/.github/workflows/deploy_parameters_docs.yml
@@ -26,7 +26,7 @@ jobs:
         run: |
           pip install jupyter-book
           conda install -c pslmodels behresp
-          pip install -e .
+          pip install -e . --config-settings editable_mode=compat
           python docs/guide/make/make_uguide.py
           cd docs
           jb build .

diff --git a/Makefile b/Makefile
@@ -36,7 +36,7 @@ clean:
 
 .PHONY=package
 package:
-	@pip install -e .
+	@pip install -e . --config-settings editable_mode=compat
 
 define pytest-setup
 rm -f taxcalc/tests/reforms_actual_init

diff --git a/docs/about/releases.md b/docs/about/releases.md
@@ -4,6 +4,22 @@ Go [here](https://github.com/PSLmodels/Tax-Calculator/pulls?q=is%3Apr+is%3Aclose
 for a complete commit history.
 
 
+2024-11-14 Release 4.3.3
+------------------------
+(last merged pull request is
+[#2837](https://github.com/PSLmodels/Tax-Calculator/pull/2837))
+
+**This is a minor enhancement release.**
+
+**API Changes**
+
+**New Features**
+- Clarify TCJA-after-2025 documentation
+[[#2836](https://github.com/PSLmodels/Tax-Calculator/pull/2836) by Martin Holmer]
+- Add known values of 2025 policy parameters
+[[#2837](https://github.com/PSLmodels/Tax-Calculator/pull/2837) by Martin Holmer]
+
+
 2024-11-08 Release 4.3.2
 ------------------------
 (last merged pull request is

diff --git a/docs/index.md b/docs/index.md
@@ -57,7 +57,7 @@ The cross-model validation work with NBER's TAXSIM-27 model is described
 
 ## Latest release
 
-{doc}`4.3.2 (2024-11-08) <about/releases>`
+{doc}`4.3.3 (2024-11-14) <about/releases>`
 
 If you are already using Tax-Calculator, upgrade using the following command:
 

diff --git a/setup.py b/setup.py
@@ -3,7 +3,7 @@
 with open("README.md") as f:
     longdesc = f.read()
 
-version = "4.3.2"
+version = "4.3.3"
 
 config = {
     "description": "Tax Calculator",

diff --git a/taxcalc.egg-info/PKG-INFO b/taxcalc.egg-info/PKG-INFO
@@ -1,6 +1,6 @@
 Metadata-Version: 2.1
 Name: taxcalc
-Version: 4.3.2
+Version: 4.3.3
 Summary: taxcalc
 Home-page: https://github.com/PSLmodels/Tax-Calculator
 Download-URL: https://github.com/PSLmodels/Tax-Calculator

diff --git a/taxcalc/__init__.py b/taxcalc/__init__.py
@@ -14,6 +14,6 @@
 from taxcalc.utils import *
 from taxcalc.cli import *
 
-__version__ = '4.3.2'
+__version__ = '4.3.3'
 __min_python3_version__ = 10
 __max_python3_version__ = 12
diff --git a/taxcalc/policy_current_law.json b/taxcalc/policy_current_law.json
@@ -1598,54 +1598,54 @@
                 "value": 610000.0
             },
             {
-                "year": 2029,
+                "year": 2025,
                 "MARS": "single",
-                "value": 9e+99
+                "value": 313000.0
             },
             {
-                "year": 2029,
+                "year": 2025,
                 "MARS": "mjoint",
-                "value": 9e+99
+                "value": 626000.0
             },
             {
-                "year": 2029,
+                "year": 2025,
                 "MARS": "mseparate",
-                "value": 9e+99
+                "value": 313000.0
             },
             {
-                "year": 2029,
+                "year": 2025,
                 "MARS": "headhh",
-                "value": 9e+99
+                "value": 313000.0
             },
             {
-                "year": 2029,
+                "year": 2025,
                 "MARS": "widow",
-                "value": 9e+99
+                "value": 626000.0
             },
             {
-                "year": 2025,
+                "year": 2029,
                 "MARS": "single",
-                "value": 313000.0
+                "value": 9e+99
             },
             {
-                "year": 2025,
+                "year": 2029,
                 "MARS": "mjoint",
-                "value": 626000.0
+                "value": 9e+99
             },
             {
-                "year": 2025,
+                "year": 2029,
                 "MARS": "mseparate",
-                "value": 313000.0
+                "value": 9e+99
             },
             {
-                "year": 2025,
+                "year": 2029,
                 "MARS": "headhh",
-                "value": 313000.0
+                "value": 9e+99
             },
             {
-                "year": 2025,
+                "year": 2029,
                 "MARS": "widow",
-                "value": 626000.0
+                "value": 9e+99
             }
         ],
         "validators": {

diff --git a/taxcalc/reforms/ext.json b/taxcalc/reforms/ext.json
@@ -1,32 +1,32 @@
 // REFORM TO EXTEND TEMPORARY TCJA PROVISIONS BEYOND 2025
-// USING TAX-CALCULATOR 4.3.2
+// USING TAX-CALCULATOR 4.3.3
 // WITH 2025-to-2026 INDEXING FACTOR = 1.022000
 //  AND 2028-to-2029 INDEXING FACTOR = 1.019400
 {
     "II_rt1": {"2026": 0.10},
-    "II_brk1": {"2026": [12157.51, 24315.02, 12157.51, 17345.41, 24315.02]},
+    "II_brk1": {"2026": [12187.35, 24374.7, 12187.35, 17374.0, 24374.7]},
     "PT_rt1": {"2026": 0.10},
-    "PT_brk1": {"2026": [12157.51, 24315.02, 12157.51, 17345.41, 24315.02]},
+    "PT_brk1": {"2026": [12187.35, 24374.7, 12187.35, 17374.0, 24374.7]},
     "II_rt2": {"2026": 0.12},
-    "II_brk2": {"2026": [49416.07, 98832.15, 49416.07, 66132.65, 98832.15]},
+    "II_brk2": {"2026": [49541.45, 99082.9, 49541.45, 66276.7, 99082.9]},
     "PT_rt2": {"2026": 0.12},
-    "PT_brk2": {"2026": [49416.07, 98832.15, 49416.07, 66132.65, 98832.15]},
+    "PT_brk2": {"2026": [49541.45, 99082.9, 49541.45, 66276.7, 99082.9]},
     "II_rt3": {"2026": 0.22},
-    "II_brk3": {"2026": [105356.33, 210712.67, 105356.33, 105330.13, 210712.67]},
+    "II_brk3": {"2026": [105623.7, 211247.4, 105623.7, 105623.7, 211247.4]},
     "PT_rt3": {"2026": 0.22},
-    "PT_brk3": {"2026": [105356.33, 210712.67, 105356.33, 105330.13, 210712.67]},
+    "PT_brk3": {"2026": [105623.7, 211247.4, 105623.7, 105623.7, 211247.4]},
     "II_rt4": {"2026": 0.24},
-    "II_brk4": {"2026": [201175.3, 402350.62, 201175.3, 201175.3, 402350.62]},
+    "II_brk4": {"2026": [201640.6, 403281.2, 201640.6, 201640.6, 403281.2]},
     "PT_rt4": {"2026": 0.24},
-    "PT_brk4": {"2026": [201175.3, 402350.62, 201175.3, 201175.3, 402350.62]},
+    "PT_brk4": {"2026": [201640.6, 403281.2, 201640.6, 201640.6, 403281.2]},
     "II_rt5": {"2026": 0.32},
-    "II_brk5": {"2026": [255438.67, 510877.34, 255438.67, 255412.47, 510877.34]},
+    "II_brk5": {"2026": [256036.55, 512073.1, 256036.55, 256011.0, 512073.1]},
     "PT_rt5": {"2026": 0.32},
-    "PT_brk5": {"2026": [255438.67, 510877.34, 255438.67, 255412.47, 510877.34]},
+    "PT_brk5": {"2026": [256036.55, 512073.1, 256036.55, 256011.0, 512073.1]},
     "II_rt6": {"2026": 0.35},
-    "II_brk6": {"2026": [638635.98, 766342.2, 383171.1, 638635.98, 766342.2]},
+    "II_brk6": {"2026": [640129.7, 768135.2, 384067.6, 640129.7, 768135.2]},
     "PT_rt6": {"2026": 0.35},
-    "PT_brk6": {"2026": [638635.98, 766342.2, 383171.1, 638635.98, 766342.2]},
+    "PT_brk6": {"2026": [640129.7, 768135.2, 384067.6, 640129.7, 768135.2]},
     "II_rt7": {"2026": 0.37},
     "II_brk7": {"2026": [9e+99, 9e+99, 9e+99, 9e+99, 9e+99]},
     "PT_rt7": {"2026": 0.37},
@@ -36,10 +36,10 @@
     "ODC_c": {"2026": 500.00},
     "CTC_ps": {"2026": [200000.0, 400000.0, 200000.0, 200000.0, 400000.0]},
     "ACTC_Income_thd": {"2026": 2500.00},
-    "AMT_em": {"2026": [89818.83, 139706.53, 69853.27, 89818.83, 139706.53]},
-    "AMT_em_ps": {"2026": [638635.98, 1277271.94, 638635.98, 638635.98, 1277271.94]},
-    "AMT_em_pe": {"2026": 938246.12},
-    "STD": {"2026": [15301.69, 30603.38, 15301.69, 22952.54, 30603.38]},
+    "AMT_em": {"2026": [90038.2, 140014.0, 70007.0, 90038.2, 140014.0]},
+    "AMT_em_ps": {"2026": [640129.7, 1280259.4, 640129.7, 640129.7, 1280259.4]},
+    "AMT_em_pe": {"2026": 940401.17},
+    "STD": {"2026": [15330.0, 30660.0, 15330.0, 22995.0, 30660.0]},
     "ID_AllTaxes_c": {"2026": [10000.0, 10000.0, 5000.0, 10000.0, 10000.0]},
     "ID_Charity_crt_cash": {"2026": 0.60},
     "ID_Casualty_hc": {"2026": 1.00},
@@ -50,10 +50,10 @@
     "II_em": {"2026": 0.00},
     "II_em_ps": {"2026": [9e+99, 9e+99, 9e+99, 9e+99, 9e+99]},
     "PT_qbid_rt": {"2026": 0.20},
-    "PT_qbid_taxinc_thd": {"2026": [201175.3, 402350.62, 201175.3, 201175.3, 201175.3]},
+    "PT_qbid_taxinc_thd": {"2026": [201640.6, 403281.2, 201640.6, 201640.6, 201640.6]},
     "PT_qbid_taxinc_gap": {"2026": [50000.0, 100000.0, 50000.0, 50000.0, 100000.0]},
     "PT_qbid_w2_wages_rt": {"2026": 0.50},
     "PT_qbid_alt_w2_wages_rt": {"2026": 0.25},
     "PT_qbid_alt_property_rt": {"2026": 0.03},
-    "ALD_BusinessLosses_c": {"2029": [339091.08, 678182.18, 339091.08, 339091.08, 678182.18]}
+    "ALD_BusinessLosses_c": {"2029": [339332.31, 678664.61, 339332.31, 339332.31, 678664.61]}
 }
diff --git a/taxcalc/tests/test_reforms.py b/taxcalc/tests/test_reforms.py
@@ -383,4 +383,4 @@ def test_ext_reform(tests_path):
     iitax_ext = calc_ext.array('iitax')
     rdiff = iitax_ext - iitax_end
     weighted_sum_rdiff = (rdiff * calc_end.array('s006')).sum() * 1.0e-9
-    assert np.allclose([weighted_sum_rdiff], [-231.304], rtol=0.0, atol=0.01)
+    assert np.allclose([weighted_sum_rdiff], [-233.447], rtol=0.0, atol=0.01)
diff --git a/update_pcl.py b/update_pcl.py
@@ -414,13 +414,13 @@
         {'year': 2023, 'MARS': 'mjoint', 'value': 1500.0},
         {'year': 2023, 'MARS': 'mseparate', 'value': 1500.0},
         {'year': 2023, 'MARS': 'headhh', 'value': 1800.0},
-        {'year': 2023, 'MARS': 'widow', 'value': 1500.0},
+        {'year': 2023, 'MARS': 'widow', 'value': 1800.0},
 
         {'year': 2024, 'MARS': 'single', 'value': 1950.0},
         {'year': 2024, 'MARS': 'mjoint', 'value': 1550.0},
         {'year': 2024, 'MARS': 'mseparate', 'value': 1550.0},
         {'year': 2024, 'MARS': 'headhh', 'value': 1950.0},
-        {'year': 2024, 'MARS': 'widow', 'value': 1550.0},
+        {'year': 2024, 'MARS': 'widow', 'value': 1950.0},
 
         {'year': 2025, 'MARS': 'single', 'value': 2000.0},
         {'year': 2025, 'MARS': 'mjoint', 'value': 1600.0},