Georgia 2024 Tax Code Updates (#5533)

* updated georgia 2024 state tax code * format updates + change log * Update policyengine_us/parameters/gov/states/ga/tax/income/agi/exclusions/retirement/cap/earned_income.yaml Co-authored-by: Pavel Makarchuk <110687043+PavelMakarchuk@users.noreply.github.com> * added state law for additional deduction * Update policyengine_us/variables/gov/states/ga/tax/income/deductions/ga_additional_standard_deduction.py Co-authored-by: Pavel Makarchuk <110687043+PavelMakarchuk@users.noreply.github.com> * remove link --------- Co-authored-by: Pavel Makarchuk <110687043+PavelMakarchuk@users.noreply.github.com>
PolicyEngine · Jan 31, 2025 · 6319193 · 6319193
1 parent f5f0d6b
commit 6319193
Show file tree

Hide file tree

Showing 12 changed files with 112 additions and 49 deletions.
diff --git a/changelog_entry.yaml b/changelog_entry.yaml
@@ -0,0 +1,4 @@
+- bump: minor
+  changes:
+    added:
+    - Georgia State Tax Code 2024 Updates.
diff --git a/...e_us/parameters/gov/states/ga/tax/income/agi/exclusions/retirement/cap/earned_income.yaml b/...e_us/parameters/gov/states/ga/tax/income/agi/exclusions/retirement/cap/earned_income.yaml
@@ -13,5 +13,8 @@ metadata:
     href: https://dor.georgia.gov/document/document/2023-it-511-individual-income-tax-booklet/download#page=15
   - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-27 | (a)-(5)-(E)-(i)
     href: https://advance.lexis.com/documentpage/?pdmfid=1000516&crid=fb5db531-a80f-4790-bddb-eefc8327ef60&config=00JAA1MDBlYzczZi1lYjFlLTQxMTgtYWE3OS02YTgyOGM2NWJlMDYKAFBvZENhdGFsb2feed0oM9qoQOMCSJFX5qkd&pddocfullpath=%2Fshared%2Fdocument%2Fstatutes-legislation%2Furn%3AcontentItem%3A65D2-CDH3-CGX8-044N-00008-00&pdcontentcomponentid=234186&pdteaserkey=sr1&pditab=allpods&ecomp=8s65kkk&earg=sr1&prid=66f02b0a-c5ae-4162-9535-127751546807
+  - title: 2024 IT-511 Individual Income Tax Booklet - Subtractions(1)
+    href: https://dor.georgia.gov/document/document/2024-it-511-individual-income-tax-booklet/download
 values:
   2021-01-01: 4_000
+  2024-01-01: 5_000
diff --git a/...cyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/aged/amount/head.yaml b/...cyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/aged/amount/head.yaml
@@ -12,5 +12,8 @@ metadata:
     href: https://dor.georgia.gov/document/document/2023-it-511-individual-income-tax-booklet/download
   - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-27 | (a)(1)(D)
     href: https://advance.lexis.com/documentpage/?pdmfid=1000516&crid=fb5db531-a80f-4790-bddb-eefc8327ef60&config=00JAA1MDBlYzczZi1lYjFlLTQxMTgtYWE3OS02YTgyOGM2NWJlMDYKAFBvZENhdGFsb2feed0oM9qoQOMCSJFX5qkd&pddocfullpath=%2Fshared%2Fdocument%2Fstatutes-legislation%2Furn%3AcontentItem%3A65D2-CDH3-CGX8-044N-00008-00&pdcontentcomponentid=234186&pdteaserkey=sr1&pditab=allpods&ecomp=8s65kkk&earg=sr1&prid=66f02b0a-c5ae-4162-9535-127751546807
+  - title: 2024 IT-511 Individual Income Tax Booklet - page 16 - FORM 500, LINE 11
+    href: https://dor.georgia.gov/document/document/2024-it-511-individual-income-tax-booklet/download
 values:
   2021-01-01: 1_300
+
diff --git a/...engine_us/parameters/gov/states/ga/tax/income/deductions/standard/aged/amount/spouse.yaml b/...engine_us/parameters/gov/states/ga/tax/income/deductions/standard/aged/amount/spouse.yaml
@@ -12,5 +12,8 @@ metadata:
     href: https://dor.georgia.gov/document/document/2023-it-511-individual-income-tax-booklet/download
   - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-27 | (a)(1)(D)
     href: https://advance.lexis.com/documentpage/?pdmfid=1000516&crid=fb5db531-a80f-4790-bddb-eefc8327ef60&config=00JAA1MDBlYzczZi1lYjFlLTQxMTgtYWE3OS02YTgyOGM2NWJlMDYKAFBvZENhdGFsb2feed0oM9qoQOMCSJFX5qkd&pddocfullpath=%2Fshared%2Fdocument%2Fstatutes-legislation%2Furn%3AcontentItem%3A65D2-CDH3-CGX8-044N-00008-00&pdcontentcomponentid=234186&pdteaserkey=sr1&pditab=allpods&ecomp=8s65kkk&earg=sr1&prid=66f02b0a-c5ae-4162-9535-127751546807
+  - title: 2024 IT-511 Individual Income Tax Booklet - page 16 - FORM 500, LINE 11
+    href: https://dor.georgia.gov/document/document/2024-it-511-individual-income-tax-booklet/download
 values:
   2021-01-01: 1_300
+
diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/amount.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/amount.yaml
@@ -14,6 +14,8 @@ metadata:
     href: https://dor.georgia.gov/document/document/2023-it-511-individual-income-tax-booklet/download
   - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-27 | (a)(1)(B)
     href: https://advance.lexis.com/documentpage/?pdmfid=1000516&crid=f2f03a7b-4dec-4c65-b2f5-c74b75791422&nodeid=ABWAALAADAAM&nodepath=%2fROOT%2fABW%2fABWAAL%2fABWAALAAD%2fABWAALAADAAM&level=4&haschildren=&populated=false&title=48-7-27.+%5bEffective+January+1%2c+2024.+See+note.%5d+Computation+of+taxable+net+income.&config=00JAA1MDBlYzczZi1lYjFlLTQxMTgtYWE3OS02YTgyOGM2NWJlMDYKAFBvZENhdGFsb2feed0oM9qoQOMCSJFX5qkd&pddocfullpath=%2fshared%2fdocument%2fstatutes-legislation%2furn%3acontentItem%3a65BG-DWN3-CGX8-02TS-00008-00&ecomp=bgf5kkk&prid=0bbf9da8-e012-45ee-8089-7ab2fc1bfa02
+  - title: 2024 IT-511 Individual Income Tax Booklet - page 16 - FORM 500, LINE 11
+    href: https://dor.georgia.gov/document/document/2024-it-511-individual-income-tax-booklet/download
 JOINT:
   2021-01-01: 6_000
   2022-01-01: 7_100

diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/applies.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/applies.yaml
@@ -0,0 +1,15 @@
+description: Georgia provides an additional standard deduction for filers and their spouses who are over 65 or blind, if this is true.
+values:
+  2021-01-01: true
+  2024-01-01: false
+metadata:
+  unit: bool
+  period: year
+  label: Georgia additional standard deduction for over 65 or blind applies
+  reference:
+    - title: 2023 IT-511 Individual Income Tax Booklet - page 12 - FORM 500, LINE 11a
+      href: https://dor.georgia.gov/document/document/2023-it-511-individual-income-tax-booklet/download
+    - title: 2024 IT-511 Individual Income Tax Booklet - page 16 - FORM 500, LINE 11
+      href: https://dor.georgia.gov/document/document/2024-it-511-individual-income-tax-booklet/download
+    - title: Tax Reduction and Reform Act of 2022 - page 8 - line 163
+      href: https://www.legis.ga.gov/api/legislation/document/20212022/212207#page=8
diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/blind/head.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/blind/head.yaml
@@ -12,5 +12,8 @@ metadata:
     href: https://dor.georgia.gov/document/document/2023-it-511-individual-income-tax-booklet/download
   - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-27 | (a)(1)(E)
     href: https://advance.lexis.com/documentpage/?pdmfid=1000516&crid=fb5db531-a80f-4790-bddb-eefc8327ef60&config=00JAA1MDBlYzczZi1lYjFlLTQxMTgtYWE3OS02YTgyOGM2NWJlMDYKAFBvZENhdGFsb2feed0oM9qoQOMCSJFX5qkd&pddocfullpath=%2Fshared%2Fdocument%2Fstatutes-legislation%2Furn%3AcontentItem%3A65D2-CDH3-CGX8-044N-00008-00&pdcontentcomponentid=234186&pdteaserkey=sr1&pditab=allpods&ecomp=8s65kkk&earg=sr1&prid=66f02b0a-c5ae-4162-9535-127751546807
+  - title: 2024 IT-511 Individual Income Tax Booklet - page 16 - FORM 500, LINE 11
+    href: https://dor.georgia.gov/document/document/2024-it-511-individual-income-tax-booklet/download
 values:
   2021-01-01: 1_300
+
diff --git a/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/blind/spouse.yaml b/policyengine_us/parameters/gov/states/ga/tax/income/deductions/standard/blind/spouse.yaml
@@ -12,5 +12,7 @@ metadata:
     href: https://dor.georgia.gov/document/document/2023-it-511-individual-income-tax-booklet/download
   - title: Official Code of Georgia Annotated | CH17 Income Taxes | O.C.G.A. § 48-7-27 | (a)(1)(E)
     href: https://advance.lexis.com/documentpage/?pdmfid=1000516&crid=fb5db531-a80f-4790-bddb-eefc8327ef60&config=00JAA1MDBlYzczZi1lYjFlLTQxMTgtYWE3OS02YTgyOGM2NWJlMDYKAFBvZENhdGFsb2feed0oM9qoQOMCSJFX5qkd&pddocfullpath=%2Fshared%2Fdocument%2Fstatutes-legislation%2Furn%3AcontentItem%3A65D2-CDH3-CGX8-044N-00008-00&pdcontentcomponentid=234186&pdteaserkey=sr1&pditab=allpods&ecomp=8s65kkk&earg=sr1&prid=66f02b0a-c5ae-4162-9535-127751546807
+  - title: 2024 IT-511 Individual Income Tax Booklet - page 16 - FORM 500, LINE 11
+    href: https://dor.georgia.gov/document/document/2024-it-511-individual-income-tax-booklet/download
 values:
   2021-01-01: 1_300
diff --git a/...seline/gov/states/ga/tax/income/deductions/standard/ga_additional_standard_deduction.yaml b/...seline/gov/states/ga/tax/income/deductions/standard/ga_additional_standard_deduction.yaml
@@ -0,0 +1,21 @@
+- name: 2023 Joint filing - one blind spouse
+  period: 2023
+  input:
+    filing_status: JOINT
+    age_head: 50
+    blind_head: false
+    age_spouse: 30
+    blind_spouse: true
+    state_code: GA
+  output:
+    ga_additional_standard_deduction: 1_300
+
+- name: Head of household  - one blind and aged head
+  period: 2023
+  input:
+    filing_status: HEAD_OF_HOUSEHOLD
+    age_head: 65
+    blind_head: true
+    state_code: GA
+  output:
+    ga_additional_standard_deduction: 2_600
diff --git a/...s/policy/baseline/gov/states/ga/tax/income/deductions/standard/ga_standard_deduction.yaml b/...s/policy/baseline/gov/states/ga/tax/income/deductions/standard/ga_standard_deduction.yaml
@@ -2,10 +2,6 @@
   period: 2023
   input:
     filing_status: JOINT
-    age_head: 50
-    blind_head: false
-    age_spouse: 30
-    blind_spouse: false
     state_code: GA
   output:
     ga_standard_deduction: 7_100
@@ -14,64 +10,50 @@
   period: 2023
   input:
     filing_status: JOINT
-    age_head: 50
-    blind_head: false
-    age_spouse: 30
-    blind_spouse: true
     state_code: GA
+    ga_additional_standard_deduction: 1_300
   output:
     ga_standard_deduction: 8_400
 
 - name: Single filing - aged head
   period: 2023
   input:
     filing_status: SINGLE
-    age_head: 65
-    blind_head: false
     state_code: GA
+    ga_additional_standard_deduction: 1_300
   output:
     ga_standard_deduction: 6_700
 
 - name: Head of household  - one blind and aged head
   period: 2023
   input:
     filing_status: HEAD_OF_HOUSEHOLD
-    age_head: 65
-    blind_head: true
+    ga_additional_standard_deduction: 2_600
     state_code: GA
   output:
     ga_standard_deduction: 8_000
 
-- name: Joint filing - aged and blind head + aged and blind spouse
+- name: 2023 Joint filing - aged and blind head + aged and blind spouse
   period: 2023
   input:
     filing_status: JOINT
-    age_head: 66
-    blind_head: true
-    age_spouse: 65
-    blind_spouse: true
     state_code: GA
+    ga_additional_standard_deduction: 5_200
   output:
     ga_standard_deduction: 12_300
 
-- name: Joint filing - aged and blind head + aged and blind spouse
+- name: 2024 Joint filing - aged and blind head + aged and blind spouse
   period: 2024
   input:
     filing_status: JOINT
-    age_head: 66
-    blind_head: true
-    age_spouse: 65
-    blind_spouse: true
     state_code: GA
   output:
-    ga_standard_deduction: 29_200
+    ga_standard_deduction: 24_000
 
-- name: Head of household  - one blind and aged head
+- name: 2024 Head of household  - one blind and aged head
   period: 2024
   input:
     filing_status: HEAD_OF_HOUSEHOLD
-    age_head: 65
-    blind_head: true
     state_code: GA
   output:
-    ga_standard_deduction: 14_600
+    ga_standard_deduction: 12_000
diff --git a/...gine_us/variables/gov/states/ga/tax/income/deductions/ga_additional_standard_deduction.py b/...gine_us/variables/gov/states/ga/tax/income/deductions/ga_additional_standard_deduction.py
@@ -0,0 +1,41 @@
+from policyengine_us.model_api import *
+
+
+class ga_additional_standard_deduction(Variable):
+    value_type = float
+    entity = TaxUnit
+    label = "Georgia additional standard deduction"
+    unit = USD
+    definition_period = YEAR
+    reference = (
+        "https://apps.dor.ga.gov/FillableForms/PDFViewer/Index?form=2022GA500"
+    )
+    defined_for = StateCode.GA
+
+    def formula(tax_unit, period, parameters):
+        # person = tax_unit.members
+        p = parameters(period).gov.states.ga.tax.income.deductions.standard
+        filing_status = tax_unit("filing_status", period)
+        status = filing_status.possible_values
+        # Head gets extra standard deduction if aged and/or blind.
+        age_head = tax_unit("age_head", period)
+        eligible_aged_head = age_head >= p.aged.age_threshold
+        blind_head = tax_unit("blind_head", period)
+        extra_head = (
+            blind_head * p.blind.head + eligible_aged_head * p.aged.amount.head
+        )
+
+        # Spouse gets extra standard deduction if aged and/or blind and filing jointly.
+        age_spouse = tax_unit("age_spouse", period)
+        eligible_aged_spouse = age_spouse >= p.aged.age_threshold
+        blind_spouse = tax_unit("blind_spouse", period)
+        extra_spouse = where(
+            filing_status == status.JOINT,
+            (
+                blind_spouse * p.blind.spouse
+                + eligible_aged_spouse * p.aged.amount.spouse
+            ),
+            0,
+        )
+        # total extra deduction
+        return extra_head + extra_spouse
diff --git a/policyengine_us/variables/gov/states/ga/tax/income/deductions/ga_standard_deduction.py b/policyengine_us/variables/gov/states/ga/tax/income/deductions/ga_standard_deduction.py
@@ -17,27 +17,11 @@ def formula(tax_unit, period, parameters):
         # person = tax_unit.members
         p = parameters(period).gov.states.ga.tax.income.deductions.standard
         filing_status = tax_unit("filing_status", period)
-        status = filing_status.possible_values
         base = p.amount[filing_status]
-        # Head gets extra standard deduction if aged and/or blind.
-        age_head = tax_unit("age_head", period)
-        eligible_aged_head = age_head >= p.aged.age_threshold
-        blind_head = tax_unit("blind_head", period)
-        extra_head = (
-            blind_head * p.blind.head + eligible_aged_head * p.aged.amount.head
-        )
-
-        # Spouse gets extra standard deduction if aged and/or blind and filing jointly.
-        age_spouse = tax_unit("age_spouse", period)
-        eligible_aged_spouse = age_spouse >= p.aged.age_threshold
-        blind_spouse = tax_unit("blind_spouse", period)
-        extra_spouse = where(
-            filing_status == status.JOINT,
-            (
-                blind_spouse * p.blind.spouse
-                + eligible_aged_spouse * p.aged.amount.spouse
-            ),
-            0,
-        )
         # total extra deduction
-        return base + extra_head + extra_spouse
+        if p.applies:
+            additional_standard = tax_unit(
+                "ga_additional_standard_deduction", period
+            )
+            return base + additional_standard
+        return base