Capital Loss Inflation Fairness Act

This bill would change the federal tax rule on how much capital loss individuals can deduct beyond their capital gains each year. Taxpayers other than corporations could deduct up to $14,250 in net capital losses against other income, or $7,125 for a married person filing a separate return. Starting with tax years that begin after 2026, these dollar amounts would be adjusted each year for inflation and rounded to the nearest $25. The change would apply to losses in tax years beginning after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Ralph Norman Republican sponsor
• 7 cosponsors