Representative Ralph Norman introduces H.R. 10690: Capital Loss Inflation Fairness Act

We have received text from H.R. 10690: Capital Loss Inflation Fairness Act. This bill was received on 2026-10-01, and currently has 7 cosponsors.

Here is a short summary of the bill:

This bill would change how much capital loss an individual taxpayer can use each year to offset income for tax purposes.

What capital losses are

Capital losses happen when someone sells stocks, mutual funds, real estate, or other capital assets for less than they paid for them. Under current law, individuals can use capital losses to offset capital gains, and if losses are still left over, they can deduct up to a limited amount each year against other income.

What the bill would change

The bill would:

• Increase the annual limit on how much net capital loss an individual can deduct against other income from $3,000 to $14,250 .
• Set the limit for married people filing separately at $7,125 .
• Automatically adjust those dollar amounts for inflation starting with tax years after 2026.

How the inflation adjustment would work

After 2026, the loss limit would rise each year based on a cost-of-living formula tied to inflation. Any increase would be rounded to the nearest $25.

When it would take effect

The change would apply to losses in tax years beginning after December 31, 2025.

Practical effect

In simple terms, taxpayers who have larger investment losses could write off more of those losses against other income in a single year instead of carrying them forward over a longer period. The bill would not change the rules for corporations; it applies to individual taxpayers, not corporations.

Relevant Companies

None found

Representative Ralph Norman Bill Proposals

Here are some bills which have recently been proposed by Representative Ralph Norman:

• H.R.10690: Capital Loss Inflation Fairness Act
• H.R.9361: Worst of the Worst Act
• H.R.9103: Merit Restoration Act
• H.R.8118: Election Infrastructure Integrity Act
• H.R.8018: ISLET Act
• H.R.7628: To repeal the provision of law that provides automatic pay adjustments for Members of Congress.

You can track bills proposed by Representative Ralph Norman on Investivoq's politician page for Norman.

Representative Ralph Norman Net Worth

Investivoq estimates that Representative Ralph Norman is worth $63.7M, as of October 6th, 2026. This is the 27th highest net worth in Congress, per our live estimates.

Norman has approximately $1.6M invested in publicly traded assets which Investivoq is able to track live.

You can track Representative Ralph Norman's net worth on Investivoq's politician page for Norman.

2026 South Carolina's 5th Congressional District Election

There has been approximately $1,270,604 of spending in South Carolina's 5th congressional district elections over the last two years, per our estimates.

The rating for this race is currently "Solid R".

You can track this election on our matchup page for the 2026 South Carolina's 5th congressional district election.

This article is not financial advice. See Investivoq's disclaimers for more information.