CONGRESS FOR VOTERS

RepublicanBill · H.R. 10690· House(119-HR-10690)

Capital Loss Inflation Fairness Act

Rep. Norman
Age: 73 years
South Carolina
Introduced
10/1/2026
Last activity
10/1/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
Ralph Norman
Cosponsors
Republican - 7Democrat - 0
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill is called the Capital Loss Inflation Fairness Act. It changes the Internal Revenue Code of 1986 regarding capital losses. Specifically, it increases the limit on capital losses for taxpayers other than corporations. It also sets up an inflation adjustment for these dollar amounts for taxable years beginning after 2026. The changes apply to losses in taxable years beginning after December 31, 2025.

Yes· 3 of 6

  • Does this cut the tax on profits from selling investments?+6

    The bill increases the capital loss deduction limit and indexes it to inflation, reducing tax burdens on capital losses.

  • Would middle-income households be better off under this?+5

    Middle-class taxpayers who experience investment losses can deduct a higher amount from their ordinary income.

  • Would high-income households be better off under this?+5

    Higher-income households with investment portfolios benefit from the expanded capital loss deduction.

The opposite

No question was scored the opposite.