Adjustment for inflation
In the case of any taxable year beginning after December 31, 2025 , the $250,000 amount in subparagraph (A)(ii)(II) shall be increased by an amount equal to—
(i)#
such dollar amount, multiplied by
(ii)#
the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting “2024” for “2016” in subparagraph (A)(ii) thereof.
If any amount as increased under the preceding sentence is not a multiple of $1,000, such amount shall be rounded to the nearest multiple of $1,000.