§ 161. Allowance of deductions
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/usc/title-26/section-161A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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).
(Aug. 16, 1954, ch. 736, 68A Stat. 45; Pub. L. 95–30, title I, § 102(b)(1), May 23, 1977, 91 Stat. 137.)
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- Public Law 86–779
- Public Law 415
- Public Law 308
- Public Law 114–113Making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2016, and for other purposes
- Public Law 95–30To reduce individual and business income taxes and to provide tax simplification and reform
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- Aug. 16, 1954, ch. 736
- 68A Stat. 45
- Pub. L. 95–30, title I, § 102(b)(1)
- 91 Stat. 137
- Pub. L. 95–30
- section 106(a) of Pub. L. 95–30
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§ 161
Allowance of deductions
Stat.×5
Pub. L.×2
U.S.C.×1
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 45
Pub. L.Pub. L. 95–30, title I, § 102(b)(1)
Stat.91 Stat. 137
Pub. L.Pub. L. 95–30
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