PolicyEngine
Add 2020-2021 charity deduction for non-itemizers
PolicyEngine-US 1.35.0 does not implement the 2020-2021 CARES provision that allowed non-itemizers to claim some charity contributions as a deduction in addition to their standard deduction.
See this IRS document about this provision's extension through 2021.
@PavelMakarchuk Is there any existing eligible file related to charitable_deduction?
@PavelMakarchuk Is there any existing eligible file related to
charitable_deduction?
No there is not,
@PavelMakarchuk Is there any existing eligible file related to
charitable_deduction?No there is not,
Should I create it for this issue?
@PavelMakarchuk Is there any existing eligible file related to
charitable_deduction?No there is not,
Should I create it for this issue?
No, we should not check for eligibility here
I think the easiest way to do this is to:
New file charitable_deduction_for_non_itemizers
New parameter file in policyengine_us/parameters/gov/irs/deductions/itemized/charity non_itemizers_amount.yaml
Adjust the charitable_deduction so there are two variable files - one for the amount that can be attributed to non itemizers and one for the remaining deduction amount
Amount: 600 (300 for singles) in 2020 and 0 in all other years
Change the formula in taxable_income_deductions so that in 2020 the amount of charitable_deduction for non itemizers is included irregardless of the itemization choice