Require taxcalc version 6.7.0 or higher in setup.py

README.md

@@ -8,11 +8,19 @@ For Tax-Calculator results generated when using these TMD input files,
 see [this
 folder](https://github.com/PSLmodels/Tax-Calculator/tree/master/taxcalc/cli/input_data_tests).
 
-The **current TMD version is 2.1.1**, which was released on May 28,
-2026, and is the same as TMD version 2.0.0 except that Tax-Calculator
-version 6.6.1 (instead of 6.5.3) is used to generate the TMD files.
+The **current TMD version is 2.1.2**, which was released on June 29,
+2026, and is the same as TMD version 2.1.1 except that Tax-Calculator
+version 6.7.0 (instead of 6.6.2) is used to generate the TMD files.
 
-The current TMD 2.1.1 version differs from the 2.0.0 version only
+The current TMD 2.1.2 version differs from the prior 2.1.1 version
+only slightly because of the use in Tax-Calculator 6.7.0 of EITC and
+ACTC credit claiming logic that reduces slightly the number of tax
+units added to PUF records from the CPS.  See [Tax-Calculator PR
+3084]( https://github.com/PSLmodels/Tax-Calculator/pull/3084) for
+details on the small changes in income and payroll tax revenue
+associated with the TMD 2.1.2 input data files.
+
+The older TMD 2.1.1 version differed from the 2.0.0 version only
 slightly in the national weights (all the `WT*` columns in the
 `tmd_weights.csv.gz` file and just the `s006` variable in the
 `tmd.csv.gz` file); the non-weights input variables in the

setup.py

@@ -6,7 +6,7 @@
     packages=find_packages(),
     python_requires=">=3.11,<3.14",
     install_requires=[
-        "taxcalc>=6.6.1",
+        "taxcalc>=6.7.0",
         "numpy",
         "pandas>=3.0.2",
         "clarabel",

tests/expected_tax_exp_2022_data

@@ -1,8 +1,8 @@
-YR,KIND,EST= 2023 paytax 1429.5
+YR,KIND,EST= 2023 paytax 1428.7
 YR,KIND,EST= 2023 iitax 2332.1
-YR,KIND,EST= 2023 ctc 118.6
-YR,KIND,EST= 2023 eitc 72.0
-YR,KIND,EST= 2023 social_security_partial_taxability 46.8
+YR,KIND,EST= 2023 ctc 129.6
+YR,KIND,EST= 2023 eitc 66.4
+YR,KIND,EST= 2023 social_security_partial_taxability 47.3
 YR,KIND,EST= 2023 niit -47.4
 YR,KIND,EST= 2023 cgqd_tax_preference 179.8
 YR,KIND,EST= 2023 qbid 55.0

tests/expected_taxcalc_results_2022.yaml

@@ -0,0 +1,23 @@
+# Expected 2022 EITC and ACTC aggregates from IRS Statistics of Income
+# Publication 1304 (2022), Table A.
+#
+# DATA SOURCE
+#   Internal Revenue Service, "Statistics of Income — 2022 Individual
+#   Income Tax Returns," Publication 1304, Table A — "Selected Income
+#   and Tax Items, by Size and Accumulated Size of Adjusted Gross Income"
+#
+# DEFINITIONS
+#   n_returns_mil  : Number of returns with a positive credit amount (millions).
+#   amount_bil     : Total credit amount (billions of dollars).
+#
+# NOTES
+#   EITC = Earned Income Credit (refundable); taxcalc variable "eitc".
+#   ACTC = Additional Child Tax Credit (refundable); taxcalc variable "c11070".
+
+eitc:
+  n_returns_mil: 24.09
+  amount_bil: 60.07
+
+actc:
+  n_returns_mil: 18.08
+  amount_bil: 34.84