Tax sources

• 2024 federal brackets, standard deduction, long-term thresholds: IRS Rev. Proc. 2023-34 (irs.gov/pub/irs-drop/rp-23-34.pdf).
• 2025 federal: IRS Rev. Proc. 2024-40 (rp-24-40.pdf), standard deduction as amended by Public Law 119-21 (2025).
• 2026 federal: IRS Rev. Proc. 2025-32 (rp-25-32.pdf). Provisional until the IRS publishes the 2026 forms.
• Net investment income tax: IRC 1411 (3.8%; $200,000 single, $250,000 joint).
• Wash sales: IRC 1091; IRS Publication 550 (irs.gov/publications/p550); Rev. Rul. 2008-5 (IRA purchases).
• Capital loss limit and carryover: IRC 1211(b), 1212(b); Schedule D instructions.
• California: FTB tax rate schedules X and Y and standard deductions for 2024 and 2025 (ftb.ca.gov/forms); 1% Mental Health Services Tax above $1,000,000. 2026 California uses 2025 values until FTB publishes. Personal exemption credits are not applied.
• New York: Tax Law section 601 (nysenate.gov), IT-201 instructions; 2026 rate cuts per section 601. Tax benefit recapture approximated.
• New Jersey: tax rate schedules, 2020 and after (nj.gov); $1,000 personal exemption.
• Massachusetts: mass.gov tax rates (5%, short-term gains 8.5%, 4% surtax thresholds by year), Form 1 exemptions.
• Oregon: OR-40 instructions and full-year resident rate charts 2024 and 2025 (oregon.gov/dor).
• Minnesota: MN Revenue rates and brackets 2024-2026; 1% net investment income tax over $1,000,000 from 2024.
• Treasury bill rates: U.S. Department of the Treasury, Daily Treasury Bill Rates (home.treasury.gov), public domain.