§ 262. Personal, living, and family expenses
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/usc/title-26/section-262A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General rule Except as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses.
(b)Treatment of certain phone expenses For purposes of subsection (a), in the case of an individual, any charge (including taxes thereon) for basic local telephone service with respect to the 1st telephone line provided to any residence of the taxpayer shall be treated as a personal expense.
(Aug. 16, 1954, ch. 736, 68A Stat. 76; Pub. L. 100–647, title V, § 5073(a), Nov. 10, 1988, 102 Stat. 3682.)
Connections3 cite this
Cited by 3 sections
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- Aug. 16, 1954, ch. 736
- 68A Stat. 76
- Pub. L. 100–647, title V, § 5073(a)
- 102 Stat. 3682
- Pub. L. 100–647
- Pub. L. 100–647, title V, § 5073(b)
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§ 262
Personal, living, and family expenses
Stat.×2
Fed. Reg.×1
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 76
Pub. L.Pub. L. 100–647, title V, § 5073(a)
Stat.102 Stat. 3682
Pub. L.Pub. L. 100–647
Cites 6 · showing 5Cited by 3 across 2 sources