H.R. 10690, Tax Deduction Expansion for Investors. Quorum's AI analysis reads it as a trade-off: gains for some, costs for others.
H.R. 10690 · Mixed
What it does
This bill increases the annual limit on how much capital loss (money lost when selling investments at a loss) an individual can deduct from their taxable income from $3,000 to $14,250 ($7,125 for married filing separately), and automatically adjusts that limit upward each year for inflation starting in 2026. The change applies to non-corporate taxpayers and takes effect for tax years beginning after December 31, 2025.
The analysis names individual investors with significant capital losses — and 2 more groups — among the beneficiaries.
The trade-off
The inflation adjustment mechanism uses 2025 as the base year, meaning the $14,250 figure will grow annually; by 2035 (assuming 2.5% average inflation), the limit could reach approximately $18,200, further eroding revenue from high-income investors.
Transparency scores 95%, with a medium warning level and no provisions unrelated to the bill's subject.
Who is behind it
Filed by Ralph Norman. Cosponsored by Andy Harris, Michael Cloud, Rich McCormick and Scott Perry.
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