United States Code
USC most recently checked for updates: Dec 05, 2024
§ 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).
(Aug. 16, 1954, ch. 736, 68A Stat. 45; Pub. L. 95–30, title I, § 102(b)(1), May 23, 1977 , 91 Stat. 137.)
cite as: 26 USC 161
