USC › Title 26 › §21226 U.S.C. § 212Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗Copy linkIn 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)for the production or collection of income;(2)for the management, conservation, or maintenance of property held for the production of income; or(3)in connection with the determination, collection, or refund of any tax.