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26 U.S.C. § 212 — Expenses for production of income

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year—
  1. (1)for the production or collection of income;
  2. (2)for the management, conservation, or maintenance of property held for the production of income; or
  3. (3)in connection with the determination, collection, or refund of any tax.