New Income Tax Bill: One-Time Capital Loss Relief Proposed

Imagine you lost money on investments (long-term capital loss).

Normally, you can only use this loss to offset other investment gains (long-term).

A new tax law says, just this once, you can also use those old losses to offset any money you make quickly (short-term capital gains).

This helps people pay less tax.

This change only applies to losses up to March 31, 2026.

This special rule is temporary and helps people adjust to the new tax system.

It's like a helping hand as the old tax rules change.