Capital Loss Inflation Fairness Act

(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— If any increase determined under the preceding sentence is not a multiple of $25, such increase shall be rounded to the nearest multiple of $25.

(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.