Rep. Ralph Norman Introduces the Capital Loss Inflation Fairness Act
Washington, D.C. – On Wednesday, Rep. Ralph Norman (SC-05) introduced H.R. 9524, the Capital Loss Inflation Fairness Act, which would increase the capital loss limit against ordinary income from $3,000 to $13,000 for individuals and those married filed jointly. Additionally, H.R. 9524 includes an annual adjustment for inflation. The Capital Loss Inflation Fairness Act enjoys support…