I.R.C. § 161 — Allowance of deductions

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).

Cited in 43 Tax Court opinions, 0 orders, and 5 briefs.

Current through Pub. L. 119-102 (2026-07-12).

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