StacksVerified U.S. regulatory reference

26 U.S.C. § 161

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
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).