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Merge pull request #2771 from martinholmer/update-tcja-docs
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Add custom growfactors discussion to the docs/usage/tcja_after_2025.md file
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martinholmer authored Jul 10, 2024
2 parents 9e8ec6e + 1679d48 commit 1d24bb4
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10 changes: 9 additions & 1 deletion docs/usage/tcja_after_2025.md
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Expand Up @@ -32,6 +32,14 @@ expire). Compatible input datasets include:
data, and are available only to those with access to the 2015
IRS/SOI PUF

Note that if you are using the Python API to Tax-Calculator (as
described in the
[Recipes](https://taxcalc.pslmodels.org/recipes/index.html)) to
analyze the TCJA after 2025 and need to specify custom GrowFactors
after 2025, you can use the old additive-differences `growdiffs`
approach or you can specify a custom `growfactors` file as described
[here](https://github.com/PSLmodels/Tax-Calculator/pull/2757#issuecomment-2218662804).

Before reading the rest of this document, be sure you understand how
to use the Tax-Calculator command-line tool
[tc](https://taxcalc.pslmodels.org/guide/cli.html), particularly the
Expand Down Expand Up @@ -125,7 +133,7 @@ changes or whenever new historical values of policy parameters are
added to the `policy_current_law.json` file thereby changing the
`Policy.LAST_KNOWN_YEAR`.

The 3.5.3 version of Tax-Calculator incorporates the February 2024 CBO
The 4.0.0 version of Tax-Calculator incorporates the February 2024 CBO
economic projection and contains historical tax policy parameter values
through 2022. Future versions of Tax-Calculator that use historical
policy parameter values for 2023 and 2024 or use the February 2025 CBO
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