*** IMPORTANT NOTE *** PENSIM:RUN.use_inctax must be set to true (T) in order to activate income-tax logic in PENSIM and GEMINI:RUN.use_inctax must be set to true (T) in order to activate income-tax logic in GEMINI.
Parent table is: INCTAX
There are no child tables.
Go to PENSIM input parameters overview
PENSIM: ITBASE . id
Identifies policy parameters that can vary across calendar years, so more than one row can have the same id value.
Valid values: 1 to 999999999, Integer
PENSIM: ITBASE . notes
Describes specification of table row in free-form note.
Valid values: any ASCII text, Memo (Note: do not copy and paste from a word processor because of the possibility of embedded non-ASCII characters.
PENSIM: ITBASE . cal_year
Calendar year for which policy parameter values apply.
Valid values: 2004 to LAST, Integer where LAST is cohort birth year plus 134 years
PENSIM: ITBASE . fs_algo
Specifies algorithm used to determine filing status. Algorithm 1 represents rules in force from 2004 through at least 2009.
Valid values: 1 to 1, Integer
PENSIM: ITBASE . dep_undage
Specifies the age a child must be under to be considered an income-tax dependent.
Valid values: 18 to 22, Integer
PENSIM: ITBASE . ccd_undage
Specifies the age a child must be under to be considered an eligible child in the child-credit calculations.
Valid values: 10 to 22, Integer
PENSIM: ITBASE . ecd_undage
Specifies the age a child must be under to be considered an eligible child in the earned-income-tax-credit calculations.
Valid values: 10 to 22, Integer
PENSIM: ITBASE . elder_age
Specifies the age an adult must be under to be considered elderly in the standard deduction calculations. In order to specify no elder preference, set elder_age equal to 126.
Valid values: 60 to 126, Integer
PENSIM: ITBASE . ss_indexed
Specifies whether or not the four combined income thresholds used in social security benefit taxation calculations for this calendar year are indexed. The indexing never occurs before INCTAX.f_index_yr.
Valid values: T (=1) or F (=0) (for true or false), Logical
PENSIM: ITBASE . ss_lo_ci_s
Specifies the dollar amount of the low combined-income threshold for filing units other than married-filing-joint used in social security benefit taxation calculations for this calendar year. This is the bottom of the so-called 50 percent inclusion rate tier.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ss_lo_ci_j
Specifies the dollar amount of the low combined-income threshold for married-filing-joint filing units used in social security benefit taxation calculations for this calendar year. This is the bottom of the so-called 50 percent inclusion rate tier.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ss_hi_ci_s
Specifies the dollar amount of the high combined-income threshold for filing units other than married-filing-joint used in social security benefit taxation calculations for this calendar year. This is the bottom of the so-called 85 percent inclusion rate tier.
Valid values: 0 to 999999999, Integer [ss_hi_ci_s must be greater than or equal to ss_lo_ci_s]
PENSIM: ITBASE . ss_hi_ci_j
Specifies the dollar amount of the high combined-income threshold for married-filing-joint filing units used in social security benefit taxation calculations for this calendar year. This is the bottom of the so-called 85 percent inclusion rate tier.
Valid values: 0 to 999999999, Integer [ss_hi_ci_j must be greater than or equal to ss_lo_ci_j]
PENSIM: ITBASE . ss_alt_tax
Specifies whether or not an alternative policy on the income taxation of social security benefits is in effect for this this calendar year. When true, the current-law algorithm for calculating the taxable portion of OASDI benefits (see the five parameters just before this one) is ignored and a flat percent of OASDI benefits (see following ss_alt_pct parameter) are included in AGI for everybody.
Valid values: T (=1) or F (=0) (for true or false), Logical
PENSIM: ITBASE . ss_alt_pct
Specifies the percent fraction of OASDI benefits included in AGI for this calendar year when the ss_alt_tax parameter is true for this calendar year. The value of this parameter is ignored when the value of ss_alt_tax is false.
Valid values: 0.0 to 100.0, Real
PENSIM: ITBASE . adhoc_sded
Specifies whether or not the sded_amt_m value on this row of the table is used for this year without indexing. This parameter is ignored in all years before the first indexing year, INCTAX.f_index_yr.
Valid values: T (=1) or F (=0) (for true or false), Logical
PENSIM: ITBASE . sded_amt_s
Specifies the dollar amount of the standard deduction amount for single filing units for this calendar year. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . sded_amt_m
Specifies the dollar amount of the standard deduction amount for married filing units for this calendar year. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . sded_amt_h
Specifies the dollar amount of the standard deduction amount for head of household filing units for this calendar year. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . sded_ext_s
Specifies the extra dollar amount of the standard deduction amount for each elderly person in the filing unit for single filing units for this calendar year. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . sded_ext_m
Specifies the extra dollar amount of the standard deduction amount for each elderly person in the filing unit for married filing units for this calendar year. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . sded_ext_h
Specifies the extra dollar amount of the standard deduction amount for each elderly person in the filing unit for head of household filing units for this calendar year. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ex_amount
Specifies the dollar amount of the exemption deduction for each personal exemption for this calendar year. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ex_po_lo_s
Specifies the dollar amount of the beginning of the AGI phase-out range for the exemption deduction for single filing units for this calendar year. There is no phase-out when AGI is below this threshold for this kind of filing unit. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ex_po_lo_m
Specifies the dollar amount of the beginning of the AGI phase-out range for the exemption deduction for married filing units for this calendar year. There is no phase-out when AGI is below this threshold for this kind of filing unit. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ex_po_lo_h
Specifies the dollar amount of the beginning of the AGI phase-out range for the exemption deduction for head of household filing units for this calendar year. There is no phase-out when AGI is below this threshold for this kind of filing unit. Indexed for years beginning with INCTAX.f_index_yr.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ex_po_unit
Specifies the dollar size of the AGI phase-out amount divisor unit in the exemption deduction phase-out calculation for all filing units for this calendar year. This parameter is not indexed.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ex_po_rate
Specifies the decimal rate of reduction in the exemption deduction per dollar of AGI within the phase-out range.
Valid values: 0.0 to 1.0, Real
PENSIM: ITBASE . max_closs
Specifies the maximum dollar capital loss allowed this calendar year on Schedule D. This parameter is not indexed.
Valid values: 0 to 999999999, Integer
PENSIM: ITBASE . ided_d_pct
Specifies the percent of total deductions used in the itemized deduction limitation worksheet for this calendar year. Set this parameter to zero in years during which there is no limitation on itemized deductions.
Valid values: 0.0 to 100.0, Real
PENSIM: ITBASE . ided_i_pct
Specifies the percent of AGI used in the itemized deduction limitation worksheet for this calendar year. Set this parameter to zero in years during which there is no limitation on itemized deductions.
Valid values: 0.0 to 100.0, Real
PENSIM: ITBASE . ided_divby
Specifies the divide-by ratio used in the itemized deduction limitation worksheet for this calendar year. Set this parameter to a value greater than 100 in years during which there is no divide-by rule used in the limitation of itemized deductions.
Valid values: 1.0 to 1000.0, Real
PENSIM: ITBASE . dccon_tax
Specifies whether or not DC plan contributions, including both employee and employer contributions, are taxable income, and therefore, included in adjusted gross income (AGI). Note that contributions to DB plans are always excluded from AGI (that is, tax exempt).
Valid values: T (=1) or F (=0) (for true or false), Logical
PENSIM: ITBASE . dccon_cpct
Specifies the refundable credit rate (expressed in percentage terms) applied to total (that is, employee and employer) contributions to DC pension plans. As of 2011, federal tax policy sets this parameter to zero. Set this parameter to a positive value only in years for which DC contributions are taxable, and therefore, included in adjusted gross income (AGI), and the policy of excluding DC pension contributions from AGI is replaced by a refundable tax credit for DC pension contributions.
Valid values: 0.0 to 50.0, Real
PENSIM: ITBASE . dcben_tax
Specifies whether or not DC plan benefits are taxable income, and therefore, included in adjusted gross income (AGI). Note that DB plan benefits are always considered to be included in AGI (that is, taxable).
Valid values: T (=1) or F (=0) (for true or false), Logical