Bill raises capital loss tax break and ties it to inflation
H.R. 10690 — Capital Loss Inflation Fairness Act · Filed by Ralph Norman (R-SC) · 7 cosponsors · Introduced Oct 1, 2026 · Referred to committee
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What it does
The bill lets people deduct more investment losses from taxes. It raises the yearly limit from $3,000 to $14,250. Married couples filing separately get $7,125 each. Starting in 2026, the limit grows each year with inflation. The change starts for taxes filed after December 31, 2025.
Who it affects
People who own stocks, bonds, and other investments benefit most. They can deduct bigger losses and pay less in taxes. Workers without large investment portfolios see no direct benefit.
One thing to notice
The limit will keep growing each year to match inflation.
From the analysis of the bill text, linked under Primary records below.
Where it stands
7 cosponsors: 7 Republicans.
- Oct 1, 2026 — Introduced · Congress.gov: “Introduced in House”
- Oct 1, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- capital loss — Money you lose when you sell an investment for less than you paid
- deduct — Subtract money from your income to lower the taxes you owe
- inflation — When prices for things go up over time, so money buys less
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,327 characters) on Oct 6, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-10-20.
“Bill raises capital loss tax break and ties it to inflation” QuorumCivic. https://share.quorumcivic.app/bill/119/hr10690/simple Report an error
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