Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 161
Allowance of deductions
Official textgovinfo.govlast amended
In computing taxable income under section 63, there shall be allowed as deductions the items specified in this part, subject to the exceptions provided in part IX (sec. 261 and following, relating to items not deductible).
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Nearby sections (25 sections)
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- 147 · Other requirements applicable to certain private activity bonds
- 148 · Arbitrage
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- 150 · Definitions and special rules
- 151 · Allowance of deductions for personal exemptions
- 152 · Dependent defined
- 153 · Cross references
- 161 · Allowance of deductions
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