StacksVerified U.S. regulatory reference

26 CFR §1.241-1

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A corporation, in computing its taxable income, is allowed as deductions the items specified in Part VIII (section 242 and following), Subchapter B, Chapter 1 of the Code, in addition to the deductions provided in part VI (section 161 and following) Subchapter B, Chapter 1 of the Code.