H.R. 10690
Capital Loss Inflation Fairness Act
Summary:
• The "Capital Loss Inflation Fairness Act" amends the Internal Revenue Code to raise the capital loss deduction limit for non-corporate taxpayers from the current structure to $14,250 (or $7,125 for married individuals filing separately)
• Beginning in calendar years after 2026, the dollar limits will be automatically adjusted annually for inflation using a cost-of-living adjustment, rounded to the nearest $25
• The changes apply to losses in taxable years beginning after December 31, 2025
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• Beginning in calendar years after 2026, the dollar limits will be automatically adjusted annually for inflation using a cost-of-living adjustment, rounded to the nearest $25
• The changes apply to losses in taxable years beginning after December 31, 2025
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