U.S. Congress legislation · 119th Congress
HB10690: Capital Loss Inflation Fairness Act
Status: In committee, October 1, 2026
To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and index the limitation to inflation.
What the bill says
To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and index the limitation to inflation.
From the introduced text, October 1, 2026:
A BILL To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and index the limitation to inflation. SECTION 1. Short title This Act may be cited as the Capital Loss Inflation Fairness Act . SECTION 2. Increased limitation on capital losses (a) In general Section 1211(b) of the Internal Revenue Code of 1986 is amended to read as follows: (b) Other taxpayers (1) In general In the case of a taxpayer other than a corporation, losses from sales or exchanges of capital assets shall be allowed only to the extent of the gains from such sales or exchanges, plus (if such losses exceed such gains) the lower of-- (A) $14,250 ($7,125 in the case of a married individual filing a separate return), or (B) the excess of such losses over such gains. (2) Inflation adjustment In the case of any taxable year beginning in a calendar year after 2026, the dollar amounts in paragraph (1)(A) shall be increased by an amount equal to-- (A) such dollar amount, multiplied by (B) the cost-of-living adjustment under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2025 for calendar year 2016 in subparagraph (A)(ii) thereof. If any increase determined under the preceding sentence is not a multiple of $25, …
Sponsors
- Ralph Norman (R, HD-005) · primary sponsor
- Sheri Biggs (R, HD-SC-3)
- Andy Harris (R, HD-001)
- Michael Cloud (R, HD-027)
- Thomas Massie (R, HD-004)
- Scott Perry (R, HD-010)
- Richard McCormick (R, HD-GA-6)
- Thomas Kean (R, HD-007)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB10690?
- HB10690 is a bill in Congress (119th Congress): Capital Loss Inflation Fairness Act.
- What does HB10690 do?
- In its own words: To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and index the limitation to inflation.
- What is the status of HB10690?
- In committee as of October 1, 2026. Latest action: Referred to the House Committee on Ways and Means. (October 1, 2026).
- Who sponsored HB10690?
- Ralph Norman (R, HD-005), with 7 co-sponsors.
- Where is the official record for HB10690?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10690
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.