StacksVerified U.S. regulatory reference

26 CFR §1.642(b)-1

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
In lieu of the deduction for personal exemptions provided by section 151:
  1. (a)An estate is allowed a deduction of $600,
  2. (b)A trust which, under its governing instrument, is required to distribute currently all of its income for the taxable year is allowed a deduction of $300, and
  3. (c)All other trusts are allowed a deduction of $100.