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us/statute/26/1/j/4 — Repealed. Pub. L. 116–94, div. O, title V, § 501(a) , Dec. 20, 2019 , 133 Stat. 3180 ] · Axiom

Repealed. Pub. L. 116–94, div. O, title V, § 501(a) , Dec. 20, 2019 , 133 Stat. 3180 ]

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▸rulespec code

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statutes/26/1/j.yaml

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Rules

ordinary_taxable_income

Derived

source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)

- name: ordinary_taxable_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)
  versions:
    - effective_from: '2026-01-01'
      formula: max(0, taxable_income - capital_gains_excluded_from_taxable_income)

income_tax_main_rates

Derived

source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)

- name: income_tax_main_rates
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        (
            income_tax_bracket_1_rate
            * min(ordinary_taxable_income, income_tax_bracket_1_threshold)
        )
        + (
            income_tax_bracket_2_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_2_threshold)
                - income_tax_bracket_1_threshold
            )
        )
        + (
            income_tax_bracket_3_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_3_threshold)
                - income_tax_bracket_2_threshold
            )
        )
        + (
            income_tax_bracket_4_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_4_threshold)
                - income_tax_bracket_3_threshold
            )
        )
        + (
            income_tax_bracket_5_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_5_threshold)
                - income_tax_bracket_4_threshold
            )
        )
        + (
            income_tax_bracket_6_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_6_threshold)
                - income_tax_bracket_5_threshold
            )
        )
        + (
            income_tax_bracket_7_rate
            * max(0, ordinary_taxable_income - income_tax_bracket_6_threshold)
        )

regular_tax_before_credits

Derived

source: 26 USC 1(h), 1(j), and 55(c)

- name: regular_tax_before_credits
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1(h), 1(j), and 55(c)
  versions:
    - effective_from: '2026-01-01'
      formula: income_tax_main_rates

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Repealed. Pub. L. 116–94, div. O, title V, § 501(a) , Dec. 20, 2019 , 133 Stat. 3180 ]

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/26/1/j.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/1/j; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

ordinary_taxable_income

Derived

source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)

- name: ordinary_taxable_income
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)
  versions:
    - effective_from: '2026-01-01'
      formula: max(0, taxable_income - capital_gains_excluded_from_taxable_income)

income_tax_main_rates

Derived

source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)

- name: income_tax_main_rates
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1(h)(1)(A), 1(j)(2)-(3)
  versions:
    - effective_from: '2026-01-01'
      formula: |-
        (
            income_tax_bracket_1_rate
            * min(ordinary_taxable_income, income_tax_bracket_1_threshold)
        )
        + (
            income_tax_bracket_2_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_2_threshold)
                - income_tax_bracket_1_threshold
            )
        )
        + (
            income_tax_bracket_3_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_3_threshold)
                - income_tax_bracket_2_threshold
            )
        )
        + (
            income_tax_bracket_4_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_4_threshold)
                - income_tax_bracket_3_threshold
            )
        )
        + (
            income_tax_bracket_5_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_5_threshold)
                - income_tax_bracket_4_threshold
            )
        )
        + (
            income_tax_bracket_6_rate
            * max(
                0,
                min(ordinary_taxable_income, income_tax_bracket_6_threshold)
                - income_tax_bracket_5_threshold
            )
        )
        + (
            income_tax_bracket_7_rate
            * max(0, ordinary_taxable_income - income_tax_bracket_6_threshold)
        )

regular_tax_before_credits

Derived

source: 26 USC 1(h), 1(j), and 55(c)

- name: regular_tax_before_credits
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 1(h), 1(j), and 55(c)
  versions:
    - effective_from: '2026-01-01'
      formula: income_tax_main_rates