src/fed2020/TaxReturn.ts

   1 // Copyright 2020 Blue Static <https://www.bluestatic.org>
   2 // This program is free software licensed under the GNU General Public License,
   3 // version 3.0. The full text of the license can be found in LICENSE.txt.
   4 // SPDX-License-Identifier: GPL-3.0-only
   5
   6 import { default as TaxReturn2019, Constants as Constants2019 } from '../fed2019/TaxReturn';
   7
   8 import { FilingStatus } from '.';
   9
  10 // The values are from RP-19-44: https://www.irs.gov/pub/irs-drop/rp-19-44.pdf.
  11 //
  12 // The double Object.assign is to work around
  13 // https://github.com/microsoft/TypeScript/issues/38516. Using the spread
  14 // operator directly into an object literal results in "error TS4029: Public
  15 // property 'constants' of exported class has or is using name 'FilingStatus'
  16 // from external module "ustaxlib/src/fed2019/TaxReturn" but cannot be named".
  17 export const Constants = Object.assign(Object.assign({}, Constants2019, {
  18   taxBrackets: {
  19     [FilingStatus.MarriedFilingJoint]: [
  20       [ 19750, 0.10, 0 ],
  21       [ 80250, 0.12, 1975 ],
  22       [ 171050, 0.22, 9235 ],
  23       [ 326600, 0.24, 29211 ],
  24       [ 414700, 0.32, 66543 ],
  25       [ 622050, 0.35, 94735 ],
  26       [ Infinity, 0.37, 167307.50 ]
  27     ],
  28     [FilingStatus.Single]: [
  29       [ 9875, 0.10, 0 ],
  30       [ 40125, 0.12, 987.50 ],
  31       [ 85525, 0.22, 4617.50 ],
  32       [ 163300, 0.24, 14605.50 ],
  33       [ 207350, 0.32, 33271.50 ],
  34       [ 518400, 0.35, 47367.50 ],
  35       [ Infinity, 0.37, 156235 ]
  36     ],
  37     [FilingStatus.MarriedFilingSeparate]: [
  38       [ 9875, 0.10, 0 ],
  39       [ 40125, 0.12, 987.50 ],
  40       [ 85525, 0.22, 4617.50 ],
  41       [ 163300, 0.24, 14605.50 ],
  42       [ 207350, 0.32, 33271.50 ],
  43       [ 311025, 0.35, 47367.50 ],
  44       [ Infinity, 0.37, 83653.75 ]
  45     ],
  46   },
  47
  48   standardDeduction: {
  49     [FilingStatus.MarriedFilingJoint]: 24800,
  50     [FilingStatus.Single]: 12400,
  51     [FilingStatus.MarriedFilingSeparate]: 12400,
  52   },
  53
  54   capitalGains: {
  55     rate0MaxIncome: {
  56       [FilingStatus.MarriedFilingJoint]: 80000,
  57       [FilingStatus.Single]: 40000,
  58       [FilingStatus.MarriedFilingSeparate]: 40000,
  59     },
  60     rate15MaxIncome: {
  61       [FilingStatus.MarriedFilingJoint]: 496600,
  62       [FilingStatus.MarriedFilingSeparate]: 441450,
  63       [FilingStatus.Single]: 441450,
  64     },
  65   },
  66
  67   qualifiedBusinessIncomeDeductionThreshold: {
  68     [FilingStatus.MarriedFilingJoint]: 326600,
  69     [FilingStatus.MarriedFilingSeparate]: 163300,
  70     [FilingStatus.Single]: 163300,
  71   },
  72
  73   amt: {
  74     exemption: {
  75       [FilingStatus.MarriedFilingJoint]: 113400,
  76       [FilingStatus.Single]: 72900,
  77       [FilingStatus.MarriedFilingSeparate]: 56700,
  78     },
  79     phaseout: {
  80       [FilingStatus.MarriedFilingJoint]: 1036800,
  81       [FilingStatus.Single]: 518400,
  82       [FilingStatus.MarriedFilingSeparate]: 518400,
  83     },
  84     limitForRate28Percent: {
  85       [FilingStatus.MarriedFilingJoint]: 197900,
  86       [FilingStatus.Single]: 197900,
  87       [FilingStatus.MarriedFilingSeparate]: 98950,
  88     },
  89   },
  90
  91   prevYearStandardDeduction: Constants2019.standardDeduction,
  92 }));
  93
  94 export default class TaxReturn extends TaxReturn2019 {
  95   readonly constants = Constants;
  96
  97   get year() { return 2020; }
  98 }