Increase the federal capital loss deduction limits to $14,250 for individuals and $7,125 for married taxpayers filing separately, and adjust those limits annually for inflation.

Norman’s legislation would increase those limits to $14,250 and $7,125, respectively. Additionally, the bill includes an annual adjustment for inflation.

Norman proposed raising the capital loss deduction limits and indexing them to inflation through the Capital Loss Inflation Fairness Act.

Rep. Ralph Norman Reintroduces Capital Loss Inflation Fairness Act to Modernize Nearly 50-Year-Old Tax Rule | U.S. Representative Ralph Norman
primary · press_release · model gpt-5.5

verified · Source version 83408 · locator 1549

Norman’s legislation would increase those limits to $14,250 and $7,125, respectively. Additionally, the bill includes an annual adjustment for inflation.

Fetched verbatim passage. AI summary (separate from source): Norman announced reintroduction of legislation matching the promised capital-loss deduction amounts and inflation adjustment within the 30-day lookback window.

unresolved same_term A for effort

Rep. Ralph Norman Reintroduces Capital Loss Inflation Fairness Act to Modernize Nearly 50-Year-Old Tax Rule | U.S. Representative Ralph Norman
primary · model gpt-5.5 · confidence 94%

unverified · Source version 83412 · locator unknown

H.R. 10690. A bill to amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and index the limitation to inflation; to the Committee on Ways and Means.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The Congressional Record confirms H.R. 10690 was introduced by Norman and referred to Ways and Means, showing effort but not enactment.

unresolved same_term A for effort

CREC-2026-10-01-house.pdf
secondary · model gpt-5.5 · confidence 95%

verified · Source version 83414 · locator 2256

"(A) $14,250 ($7,125 in the case of a married individual filing a separate return), or

Fetched verbatim passage. AI summary (separate from source): A bill-text mirror identifying itself as sourced from GPO shows the introduced text contains the promised $14,250 and $7,125 limits.

unresolved same_term A for effort

To amend the Internal Revenue Code of 1986 to increase … | govscent.org
secondary · model gpt-5.5 · confidence 86%

verified · Source version 83414 · locator 2391

"(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

Fetched verbatim passage. AI summary (separate from source): The introduced text includes an inflation-adjustment mechanism, matching the annual adjustment part of the commitment.

unresolved same_term A for effort

To amend the Internal Revenue Code of 1986 to increase … | govscent.org
secondary · model gpt-5.5 · confidence 86%

verified · Source version 83416 · locator 1872

INTRODUCED ONLY This bill has been introduced and possibly referred to a committee, but it has not passed any vote.

Fetched verbatim passage. AI summary (separate from source): A current bill tracker indicates the proposal remains introduced-only, so the commitment has not yet been delivered through enactment.

unresolved same_term

H.R. 10690: Capital Loss Inflation Fairness Act | ChamberLight
secondary · model gpt-5.5 · confidence 78%

unverified · Source version 83418 · locator unknown

(1) $3,000 ($1,500 in the case of a married individual filing a separate return), or

Unverified model/legacy excerpt; not proof. AI summary (separate from source): The official U.S. Code listing in effect shortly before the lookback-window action still showed the old $3,000 and $1,500 statutory limits, supporting that the promised increase had not already been enacted.

unresolved unknown

Under Maintenance
secondary · model gpt-5.5 · confidence 90%