Input Data:
        1. Record ID                                        96640.00
        2. Tax Year                                          2025.00
        3. State Code                                          31.00 NJ
        4. Marital Status                                       2.00
        5. Age of primary taxpayer                             40.00       40.00
        6. Dependent Exemptions                                 0.00
        8. Number of Dependents                                 2.00
        9. Wage and salary income of primary taxpayer           0.00    20000.00
        10. Self-employment income of primary taxpayer           0.00        0.00
        11. Dividend Income                                     0.00
        12. Interest Received                                   0.00
        13. Short Term Gains                                    0.00
        14. Long Term Gains                                     0.00
        15. Other Property                                      0.00
        16. Other Non-Property                                  0.00
        17. Taxable Pensions                                    0.00
        18. Gross Social Security                           24925.47
        19. Tot/Txpy/Spouse UI                                  0.00        0.00
        20. Non-taxable Transfers                               0.00
        21. Rent Paid                                           0.00
        22. Property Taxes Paid                             30000.00
        23. Other Itemized Deds                                 0.00
        24. Child Care Expenses                              3000.00
        25. Mortgage Interest                               20000.00
        26. S-Corp profits                                      0.00
        27. Primary and secondary Taxpayer's active QBI           0.00
        28. Primary taxpayer's SSTB self-employment income           0.00        0.00
        28b. Spouse's SSTB self-employment income               0.00

    Basic Output:
        FICA (OADSI and HI, sum of employee AND employer including Additional Medicare Tax)            0.0
        Federal IIT Liability                                -9777.0
        Record ID                                            96640.0
        State (SOI code)                                    31    NJ
        State IIT Liability                                  -3650.8
        Year                                                    2025

    Marginal Rates wrt Weighted Average Earnings:
        Federal Marginal Rate                                  -15.0
        State Marginal Rate                                   -208.6
        Taxpayer liability for FICA                           1530.0

    Federal Tax Calculation:
        AMT Liability after credit for regular tax and other allowed credits            0.0
        Child Care Credit                                        0.0
        Child Tax Credit                                      2625.0
        Earned Income Credit                                  7152.0
        FICA                                                  1530.0
        Federal AGI                                         20231.37
        Federal Income Tax Before Credits                        0.0
        Federal Regular Tax                                      0.0
        Federal Taxable Income                                   0.0
        Income for the Alternative Minimum Tax               31500.0
        Itemized Deductions in taxable income               40231.37
        Net Investment Income Tax                                0.0
        Personal Exemptions                                      0.0
        QBI deduction                                            0.0
        Social Security in AGI                                231.37
        UI in AGI                                                0.0
        Zero Bracket Amount / Standard Deduction             31500.0

    State Tax Calculation:
        32. AGI                                              20000.0
        34. Standard Deduction                                   0.0
        35. Itemized Deductions                                  0.0
        36. Taxable Income                                   15000.0
        37. Property Tax Credit                                  0.0
        38. Child Care Credit                                    0.0
        39. EIC                                               2860.8
        40. Total Credits                                     3860.8
        Child Tax Credit                                      3000.0
        Tax before credits                                     210.0

    TCJA 2018+:
        42. Earned Self-Employment Income for FICA               0.0

    Additional Medicare Taxes 2013+:
        Medicare Tax on Unearned Income                          0.0

    Decomposition of Federal Marginal Rate 
 (taxpayer earned income) 
 Regular Income Tax:
        Cares Recovery Rebates                                   0.0
        Refundable Part of CTC                                2625.0