1. LawStack
  2. Title 26 - Internal Revenue
  3. Subchapter A - INCOME TAX
  4. Part 1 - INCOME TAXES
  5. Supertopic - COMPUTATION OF TAXABLE INCOME
  6. Topic - Items Not Deductible
  7. 26 CFR § 1.261-1
26 CFR § 1.261-1
General rule for disallowance of deductions
June 25, 2020
CFR

In computing taxable income, no deduction shall be allowed, except as otherwise expressly provided in Chapter 1 of the Code, in respect of any of the items specified in Part IX (section 262 and following), Subchapter B, Chapter 1 of the Code, and the regulations thereunder.

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§ 1.262-1 Personal, living, and family expenses

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