§ 1.62-1. Adjusted gross income.

163 words·~1 min read·/us/cfr/t26/s§ 1.62-1·

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(a)-(b) [Reserved]

(c)Deductions allowable in computing adjusted gross income. The deductions specified in section 62(a) for purposes of computing adjusted gross income are—

(1)Deductions set forth in § 1.62-1T(c); and

(2)Deductions allowable under part VI, subchapter B, chapter 1 of the Internal Revenue Code, (section 161 and following) that consist of expenses paid or incurred by the taxpayer in connection with the performance of services as an employee under a reimbursement or other expense allowance arrangement (as defined in § 1.62-2) with his or her employer. For the rules pertaining to expenses paid or incurred in taxable years beginning before January 1, 1989, see § 1.62-1T (c)(2) and

(f)(as contained in 26 CFR part 1 (§§ 1.61 to 1.169) revised April 1, 1992). (d)-(h) [Reserved]

(i)Effective date. Paragraph

(c)of this section is effective for taxable years beginning on or after January 1, 1989. [T.D. 8451, 57 FR 57668, Dec. 7, 1992; 57 FR 60568, Dec. 21, 1992]

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CFR

§ 1.62-1T
Adjusted gross income (temporary).

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26 CFR 1
T.D. 8451

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§ 1.62-1

Adjusted gross income.

C.F.R.×1

Cite26 CFR 1

Treas. Dec.T.D. 8451

Cites 2Cited by 1 across 1 source