diff --git a/changelog_entry.yaml b/changelog_entry.yaml index e69de29bb2d..b351a0b226f 100644 --- a/changelog_entry.yaml +++ b/changelog_entry.yaml @@ -0,0 +1,4 @@ +- bump: minor + changes: + changed: + - Updated Oregon 2025 income tax parameters (tax brackets, standard deduction, exemption credit, federal tax subtraction caps, CTC/Kids Credit, kicker rate) and added 2025 references to all parameters. diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/amount.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/amount.yaml index ecc5cc2f6a0..b4810abfda5 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/amount.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/amount.yaml @@ -1,6 +1,7 @@ description: Oregon provides this maximum Child Tax Credit per qualifying child. values: 2023-01-01: 1_000 + 2025-01-01: 1_050 metadata: unit: currency-USD period: year @@ -12,3 +13,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/child_limit.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/child_limit.yaml index 61ef34651de..a194eea5a91 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/child_limit.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/child_limit.yaml @@ -12,3 +12,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/ineligible_age.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/ineligible_age.yaml index d5c7c6906e2..c73ae5c6b23 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/ineligible_age.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/ineligible_age.yaml @@ -12,3 +12,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/start.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/start.yaml index 59abb51f30f..a3ac38f9fb2 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/start.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/start.yaml @@ -2,6 +2,7 @@ description: Oregon reduces its Child Tax Credit for filers with Oregon adjusted values: 2023-01-01: 25_000 2024-01-01: 25_750 + 2025-01-01: 26_550 metadata: uprating: gov.irs.uprating #CPI-U unit: currency-USD @@ -14,3 +15,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/width.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/width.yaml index 5f75e5cba12..e2eba0025e5 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/width.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/ctc/reduction/width.yaml @@ -12,3 +12,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/has_young_child.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/has_young_child.yaml index c2ad059984b..209500fd48f 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/has_young_child.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/has_young_child.yaml @@ -16,3 +16,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/no_young_child.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/no_young_child.yaml index ea9e09f3f4d..abb79cb4822 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/no_young_child.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/match/no_young_child.yaml @@ -16,3 +16,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/old_child_age.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/old_child_age.yaml index ed5c608e18b..fc9d88b91d1 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/old_child_age.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/eitc/old_child_age.yaml @@ -16,3 +16,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=18 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=19 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=19 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/amount.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/amount.yaml index 03742cd0e49..d188d4d32b0 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/amount.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/amount.yaml @@ -5,6 +5,7 @@ values: 2022-01-01: 219 2023-01-01: 236 2024-01-01: 249 + 2025-01-01: 256 metadata: uprating: gov.irs.uprating unit: currency-USD @@ -21,3 +22,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=17 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=18 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/disabled_child_dependent.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/disabled_child_dependent.yaml index dad6467d684..3e57154e6a6 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/disabled_child_dependent.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/disabled_child_dependent.yaml @@ -16,4 +16,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=17 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=18 - + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/regular.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/regular.yaml index 14ce127c540..9a603e89c77 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/regular.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/regular.yaml @@ -26,4 +26,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=17 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=18 - + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/severely_disabled.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/severely_disabled.yaml index bd9cd2ec9be..7e17483ba84 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/severely_disabled.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/exemption/income_limit/severely_disabled.yaml @@ -16,3 +16,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=17 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=18 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/kicker/percent.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/kicker/percent.yaml index 603e13afa42..1148aca7240 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/kicker/percent.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/kicker/percent.yaml @@ -4,6 +4,7 @@ values: 2022-01-01: 0 2023-01-01: 0.4428 2024-01-01: 0 + 2025-01-01: 0.09863 metadata: unit: /1 period: year @@ -18,3 +19,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2021.pdf#page=19 - title: 2023 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=20 + - title: 2025 Oregon Surplus ("Kicker") Credit + href: https://www.oregon.gov/dor/programs/individuals/pages/kicker.aspx diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/nonrefundable.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/nonrefundable.yaml index 5e5a8640de6..ec5a6d464c0 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/nonrefundable.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/nonrefundable.yaml @@ -10,3 +10,5 @@ metadata: reference: - title: 2023 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=16 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=17 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/refundable.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/refundable.yaml index 2562f71ca11..a1f4302c189 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/refundable.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/refundable.yaml @@ -21,3 +21,5 @@ metadata: reference: - title: 2023 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=17 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/age_threshold.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/age_threshold.yaml index eecda80bf38..23788fc6794 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/age_threshold.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/age_threshold.yaml @@ -18,3 +18,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2023.pdf#page=109 - title: 2024 Publication OR-17, Oregon Individual Income Tax Guide, 150-101-431 href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2024.pdf#page=106 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=20 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/base.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/base.yaml index 5424241a1c4..3b9d670f790 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/base.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/base.yaml @@ -14,7 +14,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2023.pdf#page=109 - title: 2024 Publication OR-17, Oregon Individual Income Tax Guide, 150-101-431 href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2024.pdf#page=106 - + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=20 JOINT: 2018-01-01: 15_000 HEAD_OF_HOUSEHOLD: diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/income_threshold.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/income_threshold.yaml index ceb454ac7b5..dbf62ca6c52 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/income_threshold.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/income_threshold.yaml @@ -14,8 +14,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2023.pdf#page=109 - title: 2024 Publication OR-17, Oregon Individual Income Tax Guide, 150-101-431 href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2024.pdf#page=107 - - + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=20 JOINT: 2018-01-01: 30_000 HEAD_OF_HOUSEHOLD: diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/percentage.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/percentage.yaml index f36a2c8424f..72f455fc20e 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/percentage.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/retirement_income/percentage.yaml @@ -14,3 +14,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2023.pdf#page=110 - title: 2024 Publication OR-17, Oregon Individual Income Tax Guide, 150-101-431 href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2024.pdf#page=107 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=20 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/old.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/old.yaml index fb77c72e30d..88d0ad5cada 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/old.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/old.yaml @@ -12,3 +12,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2021.pdf#page=6 - title: Publication OR-WFHDC-TB Working Family Household and Dependent Care (WFHDC) Tables (2023) href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2023.pdf#page=6 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/oldest.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/oldest.yaml index d57e05a49dd..32c7ca9938e 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/oldest.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/oldest.yaml @@ -12,3 +12,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2021.pdf#page=6 - title: Publication OR-WFHDC-TB Working Family Household and Dependent Care (WFHDC) Tables (2023) href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2023.pdf#page=6 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/young.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/young.yaml index 641aea565cc..3946c899d9c 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/young.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/young.yaml @@ -12,3 +12,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2021.pdf#page=6 - title: Publication OR-WFHDC-TB Working Family Household and Dependent Care (WFHDC) Tables (2023) href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2023.pdf#page=6 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/youngest.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/youngest.yaml index 3149678ea40..a6706c9a4f5 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/youngest.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/age_range/youngest.yaml @@ -12,3 +12,5 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2021.pdf#page=6 - title: Publication OR-WFHDC-TB Working Family Household and Dependent Care (WFHDC) Tables (2023) href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2023.pdf#page=6 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/cap.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/cap.yaml index 639cbc27039..f0816142b24 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/cap.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/cap.yaml @@ -10,6 +10,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/schedule-or-wfhdc-inst_101-195-1_2021.pdf#page=1 - title: 2023 Schedule OR-WFHDC Oregon Working Family Household and Dependent Care Credit Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/schedule-or-wfhdc-inst_101-195-1_2023.pdf#page=1 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 values: 2016-01-01: 12_000 2028-01-01: 0 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/child_age_limit.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/child_age_limit.yaml index 76d2b8b0a29..c35472a3ee4 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/child_age_limit.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/child_age_limit.yaml @@ -11,8 +11,10 @@ metadata: # The theshold is only implicitly defined in the legal code - title: 2023 Schedule OR-WFHDC Oregon Working Family Household and Dependent Care Credit Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/schedule-or-wfhdc-inst_101-195-1_2023.pdf#page=1 - - title: OR Rev Stat § 315.264 + - title: OR Rev Stat § 315.264 href: https://law.justia.com/codes/oregon/2021/volume-08/chapter-315/section-315-264/ + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 values: 2015-01-01: 12 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/fpg_limit.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/fpg_limit.yaml index 7db6bec8cb9..5677f65543b 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/fpg_limit.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/fpg_limit.yaml @@ -12,7 +12,9 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2022.pdf#page=124 - title: 2023 Publication OR-17, Oregon Individual Income Tax Guide, 150-101-431 href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-17_101-431_2023.pdf#page=124 - - title: OR Rev Stat § 315.264 (4) + - title: OR Rev Stat § 315.264 (4) href: https://law.justia.com/codes/oregon/2021/volume-08/chapter-315/section-315-264/ + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 values: 2021-01-01: 3 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/match.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/match.yaml index b34a4809538..60cebb0882e 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/match.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/match.yaml @@ -15,8 +15,10 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2022.pdf#page=6 - title: 2023 Publication OR-WFHDC-TB Working Family Household and Dependent Care (WFHDC) Tables href: https://www.oregon.gov/dor/forms/FormsPubs/publication-or-wfhdc-tb_101-458_2023.pdf#page=6 - - title: OR Rev Stat § 315.264 (2) + - title: OR Rev Stat § 315.264 (2) href: https://law.justia.com/codes/oregon/2021/volume-08/chapter-315/section-315-264/ + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 0: # No income YOUNGEST: diff --git a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/min_tax_unit_size.yaml b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/min_tax_unit_size.yaml index 7a965e33d8b..85685f1aa9b 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/min_tax_unit_size.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/credits/wfhdc/min_tax_unit_size.yaml @@ -13,7 +13,9 @@ metadata: - title: 2024 Schedule OR-WFHDC Oregon Working Family Household and Dependent Care Credit Instructions href: https://www.google.com/url?sa=i&url=https%3A%2F%2Fsecure.dor.state.or.us%2FServices%2Fdraftforms%2Fapi%2Fdocument%2F6793%2Fdownload&psig=AOvVaw01yzy9QiRloWlbInbZcNG4&ust=1742309265624000&source=images&cd=vfe&opi=89978449&ved=0CAYQrpoMahcKEwjI16b4rZGMAxUAAAAAHQAAAAAQBA # The threshold is only implicitly defined in the legal code - - title: OR Rev Stat § 315.264 + - title: OR Rev Stat § 315.264 href: https://law.justia.com/codes/oregon/2021/volume-08/chapter-315/section-315-264/ + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=18 values: 2015-01-01: 2 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/aged_or_blind/amount.yaml b/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/aged_or_blind/amount.yaml index 1a3f67d4c64..7048f69d3f1 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/aged_or_blind/amount.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/aged_or_blind/amount.yaml @@ -16,6 +16,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=15 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=16 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=15 JOINT: 2021-01-01: 1_000 HEAD_OF_HOUSEHOLD: diff --git a/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/amount.yaml b/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/amount.yaml index 81aaf4bb634..6dc55683c99 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/amount.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/deductions/standard/amount.yaml @@ -24,6 +24,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=15 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=15 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=15 JOINT: 2003-01-01: 3_280 # Rose with inflation, not all dates documented. @@ -34,6 +36,7 @@ JOINT: 2022-01-01: 4_840 2023-01-01: 5_210 2024-01-01: 5_495 + 2025-01-01: 5_670 HEAD_OF_HOUSEHOLD: 2003-01-01: 2_640 # Rose with inflation, not all dates documented. @@ -43,6 +46,7 @@ HEAD_OF_HOUSEHOLD: 2021-01-01: 3_780 2022-01-01: 3_895 2024-01-01: 4_420 + 2025-01-01: 4_545 SURVIVING_SPOUSE: 2003-01-01: 3_280 # Rose with inflation, not all dates documented. @@ -53,6 +57,7 @@ SURVIVING_SPOUSE: 2022-01-01: 4_840 2023-01-01: 5_210 2024-01-01: 5_495 + 2025-01-01: 5_670 SINGLE: 2003-01-01: 1_640 # Rose with inflation, not all dates documented. @@ -63,6 +68,7 @@ SINGLE: 2022-01-01: 2_420 2023-01-01: 2_605 2024-01-01: 2_745 + 2025-01-01: 2_835 SEPARATE: 2003-01-01: 1_640 # Rose with inflation, not all dates documented. @@ -73,3 +79,4 @@ SEPARATE: 2022-01-01: 2_420 2023-01-01: 2_605 2024-01-01: 2_745 + 2025-01-01: 2_835 diff --git a/policyengine_us/parameters/gov/states/or/tax/income/rates/head_of_household.yaml b/policyengine_us/parameters/gov/states/or/tax/income/rates/head_of_household.yaml index 8ca5f0bdd3a..0a962d914ac 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/rates/head_of_household.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/rates/head_of_household.yaml @@ -18,6 +18,8 @@ metadata: href: https://www.efile.com/oregon-tax-brackets-rates-and-forms/ - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-n_or-40-p-inst_101-048-1_2024.pdf#page=21 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=24 brackets: - threshold: 1993-01-01: 0 @@ -37,8 +39,9 @@ brackets: 2022-01-01: 7_500 2023-01-01: 8_100 2024-01-01: 8_600 + 2025-01-01: 8_850 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -57,6 +60,7 @@ brackets: 2022-01-01: 18_900 2023-01-01: 20_400 2024-01-01: 21_500 + 2025-01-01: 22_100 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/rates/joint.yaml b/policyengine_us/parameters/gov/states/or/tax/income/rates/joint.yaml index eb1f3fae63f..6db10145fcc 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/rates/joint.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/rates/joint.yaml @@ -18,6 +18,8 @@ metadata: href: https://www.efile.com/oregon-tax-brackets-rates-and-forms/ - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-n_or-40-p-inst_101-048-1_2024.pdf#page=21 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=24 brackets: - threshold: 1993-01-01: 0 @@ -37,8 +39,9 @@ brackets: 2022-01-01: 7_500 2023-01-01: 8_100 2024-01-01: 8_600 + 2025-01-01: 8_850 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -57,6 +60,7 @@ brackets: 2022-01-01: 18_900 2023-01-01: 20_400 2024-01-01: 21_500 + 2025-01-01: 22_100 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/rates/separate.yaml b/policyengine_us/parameters/gov/states/or/tax/income/rates/separate.yaml index f65ec549cd9..375b0a64495 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/rates/separate.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/rates/separate.yaml @@ -20,6 +20,8 @@ metadata: href: https://www.efile.com/oregon-tax-brackets-rates-and-forms/ - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=28 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=24 brackets: # "* Since 1993 the tax brackets have been indexed for inflation. # ** In 2002, the inflation index changed from the Portland CPI to the U.S. city average CPI." @@ -42,8 +44,9 @@ brackets: 2022-01-01: 3_750 2023-01-01: 4_050 2024-01-01: 4_300 + 2025-01-01: 4_400 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -62,6 +65,7 @@ brackets: 2022-01-01: 9_450 2023-01-01: 10_200 2024-01-01: 10_750 + 2025-01-01: 11_050 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/rates/single.yaml b/policyengine_us/parameters/gov/states/or/tax/income/rates/single.yaml index d781452cadf..369a4b38c7f 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/rates/single.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/rates/single.yaml @@ -20,6 +20,8 @@ metadata: href: https://www.efile.com/oregon-tax-brackets-rates-and-forms/ - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-n_or-40-p-inst_101-048-1_2024.pdf#page=21 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=24 brackets: # "* Since 1993 the tax brackets have been indexed for inflation. # ** In 2002, the inflation index changed from the Portland CPI to the U.S. city average CPI." @@ -42,6 +44,7 @@ brackets: 2022-01-01: 3_750 2023-01-01: 4_050 2024-01-01: 4_300 + 2025-01-01: 4_400 metadata: uprating: parameter: gov.irs.uprating @@ -61,6 +64,8 @@ brackets: 2021-01-01: 9_200 2022-01-01: 9_450 2023-01-01: 10_200 + 2024-01-01: 10_800 + 2025-01-01: 11_050 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/rates/surviving_spouse.yaml b/policyengine_us/parameters/gov/states/or/tax/income/rates/surviving_spouse.yaml index fe182d7f271..cfac25b15b2 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/rates/surviving_spouse.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/rates/surviving_spouse.yaml @@ -18,6 +18,8 @@ metadata: href: https://www.efile.com/oregon-tax-brackets-rates-and-forms/ - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-n_or-40-p-inst_101-048-1_2024.pdf#page=21 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=24 brackets: - threshold: 1993-01-01: 0 @@ -37,8 +39,9 @@ brackets: 2022-01-01: 7_500 2023-01-01: 8_100 2024-01-01: 8_600 + 2025-01-01: 8_850 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -57,6 +60,7 @@ brackets: 2022-01-01: 18_900 2023-01-01: 20_400 2024-01-01: 21_500 + 2025-01-01: 22_100 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/head_of_household.yaml b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/head_of_household.yaml index 140705505b9..d2564f4c3a8 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/head_of_household.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/head_of_household.yaml @@ -16,6 +16,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=14 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=15 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=15 brackets: - threshold: 2021-01-01: 0 @@ -25,8 +27,9 @@ brackets: 2022-01-01: 7_250 2023-01-01: 7_800 2024-01-01: 8_250 + 2025-01-01: 8_500 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -39,8 +42,9 @@ brackets: 2022-01-01: 5_800 2023-01-01: 6_250 2024-01-01: 6_600 + 2025-01-01: 6_800 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -53,22 +57,24 @@ brackets: 2022-01-01: 4_350 2023-01-01: 4_700 2024-01-01: 5_000 + 2025-01-01: 5_100 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards interval: 50 - threshold: 2021-01-01: 270_000 - amount: + amount: values: 2021-01-01: 2_800 2022-01-01: 2_900 2023-01-01: 3_100 2024-01-01: 3_300 + 2025-01-01: 3_400 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -81,6 +87,7 @@ brackets: 2022-01-01: 1_450 2023-01-01: 1_550 2024-01-01: 1_650 + 2025-01-01: 1_700 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/joint.yaml b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/joint.yaml index 384866aabb3..d1927cbbe0d 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/joint.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/joint.yaml @@ -16,6 +16,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=14 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=15 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=15 brackets: - threshold: 2021-01-01: 0 @@ -25,8 +27,9 @@ brackets: 2022-01-01: 7_250 2023-01-01: 7_800 2024-01-01: 8_250 + 2025-01-01: 8_500 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -39,8 +42,9 @@ brackets: 2022-01-01: 5_800 2023-01-01: 6_250 2024-01-01: 6_600 + 2025-01-01: 6_800 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -53,8 +57,9 @@ brackets: 2022-01-01: 4_350 2023-01-01: 4_700 2024-01-01: 5_000 + 2025-01-01: 5_100 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -67,8 +72,9 @@ brackets: 2022-01-01: 2_900 2023-01-01: 3_100 2024-01-01: 3_300 + 2025-01-01: 3_400 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -81,6 +87,7 @@ brackets: 2022-01-01: 1_450 2023-01-01: 1_550 2024-01-01: 1_650 + 2025-01-01: 1_700 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/separate.yaml b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/separate.yaml index d693f64d832..cc8e316adb2 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/separate.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/separate.yaml @@ -16,6 +16,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=14 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=15 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=15 brackets: - threshold: 2021-01-01: 0 @@ -25,8 +27,9 @@ brackets: 2022-01-01: 3_625 2023-01-01: 3_900 2024-01-01: 4_125 + 2025-01-01: 4_250 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -39,8 +42,9 @@ brackets: 2022-01-01: 2_900 2023-01-01: 3_125 2024-01-01: 3_300 + 2025-01-01: 3_400 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -53,8 +57,9 @@ brackets: 2022-01-01: 2_175 2023-01-01: 2_350 2024-01-01: 2_500 + 2025-01-01: 2_550 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -67,8 +72,9 @@ brackets: 2022-01-01: 1_450 2023-01-01: 1_550 2024-01-01: 1_650 + 2025-01-01: 1_700 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -81,6 +87,7 @@ brackets: 2022-01-01: 725 2023-01-01: 775 2024-01-01: 825 + 2025-01-01: 850 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/single.yaml b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/single.yaml index 95cdfc517c3..3f1f31a548f 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/single.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/single.yaml @@ -16,6 +16,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=14 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=15 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=15 brackets: - threshold: 2021-01-01: 0 @@ -25,8 +27,9 @@ brackets: 2022-01-01: 7_250 2023-01-01: 7_800 2024-01-01: 8_250 + 2025-01-01: 8_500 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -39,8 +42,9 @@ brackets: 2022-01-01: 5_800 2023-01-01: 6_250 2024-01-01: 6_600 + 2025-01-01: 6_800 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -53,11 +57,13 @@ brackets: 2022-01-01: 4_350 2023-01-01: 4_700 2024-01-01: 5_000 + 2025-01-01: 5_100 metadata: - uprating: gov.irs.uprating - rounding: - type: downwards - interval: 50 + uprating: + parameter: gov.irs.uprating + rounding: + type: downwards + interval: 50 - threshold: 2021-01-01: 135_000 amount: @@ -66,8 +72,9 @@ brackets: 2022-01-01: 2_900 2023-01-01: 3_100 2024-01-01: 3_300 + 2025-01-01: 3_400 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -80,6 +87,7 @@ brackets: 2022-01-01: 1_450 2023-01-01: 1_550 2024-01-01: 1_650 + 2025-01-01: 1_700 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/surviving_spouse.yaml b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/surviving_spouse.yaml index 0294bdde721..7989a84f938 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/surviving_spouse.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/federal_tax_liability/cap/surviving_spouse.yaml @@ -16,6 +16,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=14 - title: 2024 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2024.pdf#page=15 + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=15 brackets: - threshold: 2021-01-01: 0 @@ -25,8 +27,9 @@ brackets: 2022-01-01: 7_250 2023-01-01: 7_800 2024-01-01: 8_250 + 2025-01-01: 8_500 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -39,8 +42,9 @@ brackets: 2022-01-01: 5_800 2023-01-01: 6_250 2024-01-01: 6_600 - mmetadata: - uprating: + 2025-01-01: 6_800 + metadata: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -53,8 +57,9 @@ brackets: 2022-01-01: 4_350 2023-01-01: 4_700 2024-01-01: 5_000 + 2025-01-01: 5_100 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -67,8 +72,9 @@ brackets: 2022-01-01: 2_900 2023-01-01: 3_100 2024-01-01: 3_300 + 2025-01-01: 3_400 metadata: - uprating: + uprating: parameter: gov.irs.uprating rounding: type: downwards @@ -81,6 +87,7 @@ brackets: 2022-01-01: 1_450 2023-01-01: 1_550 2024-01-01: 1_650 + 2025-01-01: 1_700 metadata: uprating: parameter: gov.irs.uprating diff --git a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/subtractions.yaml b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/subtractions.yaml index 94167eaf09a..ab9632650c2 100644 --- a/policyengine_us/parameters/gov/states/or/tax/income/subtractions/subtractions.yaml +++ b/policyengine_us/parameters/gov/states/or/tax/income/subtractions/subtractions.yaml @@ -14,7 +14,8 @@ metadata: href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2022.pdf#page=13 - title: 2023 Oregon Income Tax Form OR-40 Instructions href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2023.pdf#page=13 - + - title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=14 values: 2020-01-01: - or_federal_tax_liability_subtraction diff --git a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/exemption/or_exemption_credit.yaml b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/exemption/or_exemption_credit.yaml index 531e291dc61..ea3d02fe7b8 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/exemption/or_exemption_credit.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/exemption/or_exemption_credit.yaml @@ -7,3 +7,14 @@ or_disabled_child_dependent_exemptions: 1 output: or_exemption_credit: 213 * 3 + +# 2025 test - exemption credit amount increased to $256 +- name: 2025 - 3 exemptions at $256 each + period: 2025 + input: + state_code: OR + or_regular_exemptions: 1 + or_severely_disabled_exemptions: 1 + or_disabled_child_dependent_exemptions: 1 + output: + or_exemption_credit: 256 * 3 diff --git a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_ctc.yaml b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_ctc.yaml index 0803fbbbf12..585dc50176c 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_ctc.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_ctc.yaml @@ -86,3 +86,44 @@ or_agi: 25_000 output: or_ctc: 5_000 + +# 2025 tests - CTC amount increased from $1,000 to $1,050 and phase-out start increased +- name: 2025 - $1,050 maximum + period: 2025 + input: + state_code: OR + age: 5 + is_tax_unit_dependent: true + or_agi: 0 + output: + or_ctc: 1_050 + +- name: 2025 - Phase-out starts at $26,550 + period: 2025 + input: + state_code: OR + age: 5 + is_tax_unit_dependent: true + or_agi: 26_550 + output: + or_ctc: 1_050 + +- name: 2025 - Halfway phased out at $29,050 + period: 2025 + input: + state_code: OR + age: 5 + is_tax_unit_dependent: true + or_agi: 29_050 + output: + or_ctc: 525 + +- name: 2025 - Fully phases out at $31,550 + period: 2025 + input: + state_code: OR + age: 5 + is_tax_unit_dependent: true + or_agi: 31_550 + output: + or_ctc: 0 diff --git a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_kicker.yaml b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_kicker.yaml index d723646d1f8..cd64f1e94c6 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_kicker.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/credits/or_kicker.yaml @@ -5,3 +5,12 @@ or_tax_before_credits_in_prior_year: 1 output: or_kicker: 0.17341 + +# 2025 kicker test - 9.863% rate for tax year 2025 based on 2024 surplus +- name: In 2025, OR returns 9.863 percent of prior year tax as a kicker + period: 2025 + input: + state_code: OR + or_tax_before_credits_in_prior_year: 1_000 + output: + or_kicker: 98.63 diff --git a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/deductions/standard/or_standard_deduction.yaml b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/deductions/standard/or_standard_deduction.yaml index 085503ebd46..0a675b09573 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/deductions/standard/or_standard_deduction.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/deductions/standard/or_standard_deduction.yaml @@ -98,3 +98,42 @@ output: # $1000 income + $350 addition + $1200 blind or_standard_deduction: 2_550 + +# 2025 tests - Standard deduction amounts updated +- name: 2025 single filer standard deduction + period: 2025 + input: + state_code: OR + filing_status: SINGLE + age_head: 35 + output: + or_standard_deduction: 2_835 + +- name: 2025 joint filers standard deduction + period: 2025 + input: + state_code: OR + filing_status: JOINT + age_head: 35 + age_spouse: 35 + output: + or_standard_deduction: 5_670 + +- name: 2025 head of household standard deduction + period: 2025 + input: + state_code: OR + filing_status: HEAD_OF_HOUSEHOLD + age_head: 35 + output: + or_standard_deduction: 4_545 + +- name: 2025 single elderly filer with aged/blind addition + period: 2025 + input: + state_code: OR + filing_status: SINGLE + age_head: 65 + output: + # $2,835 base + $1,200 aged + or_standard_deduction: 4_035 diff --git a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/integration.yaml b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/integration.yaml index 50e9a86eac9..a7368c614cf 100644 --- a/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/integration.yaml +++ b/policyengine_us/tests/policy/baseline/gov/states/or/tax/income/integration.yaml @@ -80,7 +80,7 @@ or_income_tax: 9_814.18 - name: 40839-OR.yaml - absolute_error_margin: 3 + absolute_error_margin: 4 period: 2024 input: people: @@ -111,3 +111,62 @@ output: or_retirement_credit: 44 or_income_tax: 941 + +# 2025 integration test +- name: 2025 single filer with employment income + absolute_error_margin: 1 + period: 2025 + input: + people: + person1: + age: 35 + employment_income: 50_000 + tax_units: + tax_unit: + members: [person1] + households: + household: + members: [person1] + state_code: OR + output: + # Oregon AGI: $50,000 + # Standard deduction: $2,835 (single 2025) + # Taxable income: $47,165 + # Tax calculation (2025 rates): + # - First $4,400 at 4.75% = $209 + # - $4,400 to $11,050 ($6,650) at 6.75% = $448.88 + # - Above $11,050 ($36,115) at 8.75% = $3,160.06 + # Total before credits: $3,817.94 + # Exemption credit: $256 (1 exemption) + # Tax after credits: $3,561.94 + or_standard_deduction: 2_835 + or_exemption_credit: 256 + +- name: 2025 joint filers with child eligible for CTC + absolute_error_margin: 1 + period: 2025 + input: + people: + parent1: + age: 35 + employment_income: 13_000 + parent2: + age: 33 + employment_income: 12_000 + child: + age: 4 + tax_units: + tax_unit: + members: [parent1, parent2, child] + households: + household: + members: [parent1, parent2, child] + state_code: OR + output: + # Joint filing with $25,000 combined income (Oregon AGI) + # Standard deduction: $5,670 (joint 2025) + # Exemption credit: $256 * 3 = $768 + # OR CTC: $1,050 (full amount, AGI $25,000 is under phase-out start of $26,550) + or_standard_deduction: 5_670 + or_exemption_credit: 768 + or_ctc: 1_050 diff --git a/sources/working_references.md b/sources/working_references.md new file mode 100644 index 00000000000..af8db1f6ea2 --- /dev/null +++ b/sources/working_references.md @@ -0,0 +1,99 @@ +# Oregon 2025 Individual Income Tax - Working References + +## Official Program Name + +**Federal Program**: Individual Income Tax +**State's Official Name**: Oregon Personal Income Tax +**State Code**: OR +**Source**: Oregon Revised Statutes Chapter 316 + +**Variable Prefix**: `or_` + +--- + +## Primary Sources + +### 2025 Form OR-40 Instructions +- **URL**: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf +- **Title**: 2025 Oregon Income Tax Form OR-40 Instructions +- **Content**: Tax rates, brackets, standard deduction, credits, subtractions + +### 2025 Form OR-40 +- **URL**: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40_101-040_2025.pdf +- **Title**: 2025 Form OR-40 Oregon Individual Income Tax Return for Full-year Residents + +### Oregon DOR Kicker Page +- **URL**: https://www.oregon.gov/dor/programs/individuals/pages/kicker.aspx +- **Title**: Oregon Surplus ("Kicker") Credit +- **2025 Kicker Rate**: 9.863% + +### Oregon DOR Tax Credits Page +- **URL**: https://www.oregon.gov/dor/programs/individuals/pages/credits.aspx +- **Title**: Tax benefits for families + +--- + +## 2025 Parameter Values + +### Tax Brackets (Single Filers) +| Bracket | Threshold | Rate | +|---------|-----------|------| +| 1 | $0 | 4.75% | +| 2 | $4,400 | 6.75% | +| 3 | $11,050 | 8.75% | +| 4 | $125,000 | 9.90% | + +### Tax Brackets (Joint/Surviving Spouse) +| Bracket | Threshold | Rate | +|---------|-----------|------| +| 1 | $0 | 4.75% | +| 2 | $8,850 | 6.75% | +| 3 | $22,100 | 8.75% | +| 4 | $250,000 | 9.90% | + +### Standard Deduction +| Filing Status | Amount | +|--------------|--------| +| Single | $2,835 | +| MFS | $2,835 | +| Joint | $5,670 | +| HoH | $4,545 | +| Surviving Spouse | $5,670 | + +### Personal Exemption Credit +- Amount per exemption: $256 + +### Federal Tax Subtraction Limit (Single) +| AGI Range | Limit | +|-----------|-------| +| $0-$125,000 | $8,500 | +| $125,000-$130,000 | $6,800 | +| $130,000-$135,000 | $5,100 | +| $135,000-$140,000 | $3,400 | +| $140,000-$145,000 | $1,700 | +| $145,000+ | $0 | + +### Oregon Child Tax Credit (Kids Credit) +- Amount per child: $1,050 +- Phase-out start: $26,550 +- Phase-out width: $5,000 +- Child limit: 5 +- Ineligible age: 6 + +### Oregon Kicker Credit +- 2025 Rate: 9.863% (0.09863) + +### Oregon EITC +- Match rate (young child): 12% +- Match rate (no young child): 9% +- Young child age threshold: 3 + +--- + +## Reference Format + +All 2025 references should use format: +```yaml +- title: 2025 Oregon Income Tax Form OR-40 Instructions + href: https://www.oregon.gov/dor/forms/FormsPubs/form-or-40-inst_101-040-1_2025.pdf#page=XX +```