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26 U.S.C. § 161

Allowance of deductions

United States · Title 26 — INTERNAL REVENUE CODE · Status: effective

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26 U.S.C. § 161, Allowance of deductions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/462248
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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).

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 95-30(H.R. 3477)1977-05-23
    Tax Reduction and Simplification Act of 1977
    House: no recorded tallySenate: no recorded tally