Allowance of deductions

  1. Law
  2. USC 26
  3. Internal Revenue Code
  4. Income Taxes
  5. NORMAL TAXES AND SURTAXES
  6. Computation of Taxable Income
  7. ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS
  8. Allowance of deductions

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§211. 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 (section 261 and following, relating to items not deductible).

(Aug. 16, 1954, ch. 736, 68A Stat. 69 ; Pub. L. 95–30, title I, §102(b)(3), May 23, 1977, 91 Stat. 137 .)

Amendments

1977-Pub. L. 95–30 substituted "section 63" for "section 63(a)".

Effective Date of 1977 Amendment

Amendment by Pub. L. 95–30 applicable to taxable years beginning after Dec. 31, 1976, see section 106(a) of Pub. L. 95–30, set out as a note under section 1 of this title.


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