PocketLaw | USC 26 | ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND

ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS

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Allowance of deductions

Trade or business expenses

Interest

Taxes

Losses

Bad debts

Depreciation

Accelerated cost recovery system

Amortization of pollution control facilities

Charitable, etc., contributions and gifts

Amortizable bond premium

Net operating loss deduction

Circulation expenditures

Research and experimental expenditures

Soil and water conservation expenditures; endangered species recovery expenditures

Payments with respect to employees of certain foreign corporations

Amortization of cost of acquiring a lease

Election to expense certain depreciable business assets

Deduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations

Election to expense certain refineries

Energy efficient commercial buildings deduction

Election to expense advanced mine safety equipment

Expenditures by farmers for fertilizer, etc.

Treatment of certain qualified film and television and live theatrical productions

Activities not engaged in for profit

Recoveries of damages for antitrust violations, etc.

Expenditures to remove architectural and transportation barriers to the handicapped and elderly

Contributions to black lung benefit trust

Tertiary injectants

Treatment of reforestation expenditures

Contributions to employer liability trusts

Start-up expenditures

Deduction for certain unused business credits

Amortization of goodwill and certain other intangibles

Expensing of environmental remediation costs

Qualified business income