May. 19 at 2:24 PM
$ALLK Did you know the capital loss deduction limit has been stuck at
$3,000 since 1978? That’s nearly 50 years with zero adjustment for inflation..
Imagine still being limited to a
$3K deduction 30 years from now—while everything else keeps getting more expensive. That’s why I support the Capital Loss Inflation Fairness Act (H.R. 2684), which would raise the limit and adjust it for inflation going forward..
Most retail investors will take losses at some point. This bill is a common-sense update that reflects today’s economic reality.
👉 You can learn more about the bill here: https://norman.house.gov/news/documentsingle.aspx?DocumentID=1611
📞 Find your representative and ask them to support it: www.house.gov/representatives/find-your-representative
