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2012 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes (§§ 1 - 1564)
Chapter 1 - NORMAL TAXES AND SURTAXES (§§ 1 - 1400U-3)
Subchapter B - Computation of Taxable Income (§§ 61 - 291)
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Metadata
Publication Title | United States Code, 2012 Edition, Title 26 - INTERNAL REVENUE CODE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES Subchapter B - Computation of Taxable Income |
Contains | sections 61 to 291 |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | No |
Disposition | standard |
- Table Of Contents
- Front Matter
- Part I - DEFINITION OF GROSS INCOME, ADJUSTED GROSS INCOME, TAXABLE INCOME, ETC. (§§ 61 - 68)
- Table Of Contents
- Front Matter
- Section 61 - Gross income defined
- Section 62 - Adjusted gross income defined
- Section 63 - Taxable income defined
- Section 64 - Ordinary income defined
- Section 65 - Ordinary loss defined
- Section 66 - Treatment of community income
- Section 67 - 2-percent floor on miscellaneous itemized deductions
- Section 68 - Overall limitation on itemized deductions
- Part II - ITEMS SPECIFICALLY INCLUDED IN GROSS INCOME (§§ 71 - 90)
- Table Of Contents
- Front Matter
- Section 71 - Alimony and separate maintenance payments
- Section 72 - Annuities; certain proceeds of endowment and life insurance contracts
- Section 73 - Services of child
- Section 74 - Prizes and awards
- Section 75 - Dealers in tax-exempt securities
- Section 76 - Repealed. Pub. L. 94-455, title XIX, §1901(a)(14), Oct. 4, 1976, 90 Stat. 1765
- Section 77 - Commodity credit loans
- Section 78 - Dividends received from certain foreign corporations by domestic corporations choosing foreign tax credit
- Section 79 - Group-term life insurance purchased for employees
- Section 80 - Restoration of value of certain securities
- Section 81 - Repealed. Pub. L. 100-203, title X, §10201(b)(1), Dec. 22, 1987, 101 Stat. 1330-387
- Section 82 - Reimbursement for expenses of moving
- Section 83 - Property transferred in connection with performance of services
- Section 84 - Transfer of appreciated property to political organization
- Section 85 - Unemployment compensation
- Section 86 - Social security and tier 1 railroad retirement benefits
- Section 87 - Alcohol and biodiesel fuels credits
- Section 88 - Certain amounts with respect to nuclear decommissioning costs
- Section 89 - Repealed. Pub. L. 101-140, title II, §202(a), Nov. 8, 1989, 103 Stat. 830
- Section 90 - Illegal Federal irrigation subsidies
- Part III - ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME (§§ 101 - 140)
- Table Of Contents
- Front Matter
- Section 101 - Certain death benefits
- Section 102 - Gifts and inheritances
- Section 103 - Interest on State and local bonds
- Section 103A - Repealed. Pub. L. 99-514, title XIII, §1301(j)(1), Oct. 22, 1986, 100 Stat. 2657
- Section 104 - Compensation for injuries or sickness
- Section 105 - Amounts received under accident and health plans
- Section 106 - Contributions by employer to accident and health plans
- Section 107 - Rental value of parsonages
- Section 108 - Income from discharge of indebtedness
- Section 109 - Improvements by lessee on lessor's property
- Section 110 - Qualified lessee construction allowances for short-term leases
- Section 111 - Recovery of tax benefit items
- Section 112 - Certain combat zone compensation of members of the Armed Forces
- Section 113 - Repealed. Pub. L. 101-508, title XI, §11801(a)(7), Nov. 5, 1990, 104 Stat. 1388-520
- Section 114 - Repealed. Pub. L. 108-357, title I, §101(a), Oct. 22, 2004, 118 Stat. 1423
- Section 115 - Income of States, municipalities, etc.
- Section 116 - Repealed. Pub. L. 99-514, title VI, §612(a), Oct. 22, 1986, 100 Stat. 2250
- Section 117 - Qualified scholarships
- Section 118 - Contributions to the capital of a corporation
- Section 119 - Meals or lodging furnished for the convenience of the employer
- Section 120 - Amounts received under qualified group legal services plans
- Section 121 - Exclusion of gain from sale of principal residence
- Section 122 - Certain reduced uniformed services retirement pay
- Section 123 - Amounts received under insurance contracts for certain living expenses
- Section 124 - Repealed. Pub. L. 101-508, title XI, §11801(a)(9), Nov. 5, 1990, 104 Stat. 1388-520
- Section 125 - Cafeteria plans
- Section 126 - Certain cost-sharing payments
- Section 127 - Educational assistance programs
- Section 128 - Repealed. Pub. L. 101-508, title XI, §11801(a)(10), Nov. 5, 1990, 104 Stat. 1388-520
- Section 129 - Dependent care assistance programs
- Section 130 - Certain personal injury liability assignments
- Section 131 - Certain foster care payments
- Section 132 - Certain fringe benefits
- Section 133 - Repealed. Pub. L. 104-188, title I, §1602(a), Aug. 20, 1996, 110 Stat. 1833
- Section 134 - Certain military benefits
- Section 135 - Income from United States savings bonds used to pay higher education tuition and fees
- Section 136 - Energy conservation subsidies provided by public utilities
- Section 137 - Adoption assistance programs
- Section 138 - Medicare Advantage MSA
- Section 139 - Disaster relief payments
- Section 139A - Federal subsidies for prescription drug plans
- Section 139B - Benefits provided to volunteer firefighters and emergency medical responders
- Section 139C - COBRA premium assistance
- Section 139D - Indian health care benefits
- Section 140 - Cross references to other Acts
- Part IV - TAX EXEMPTION REQUIREMENTS FOR STATE AND LOCAL BONDS (§§ 141 - 150)
- Part V - DEDUCTIONS FOR PERSONAL EXEMPTIONS (§§ 151 - 153)
- Part VI - ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS (§§ 161 - 199)
- Table Of Contents
- Front Matter
- Section 161 - Allowance of deductions
- Section 162 - Trade or business expenses
- Section 163 - Interest
- Section 164 - Taxes
- Section 165 - Losses
- Section 166 - Bad debts
- Section 167 - Depreciation
- Section 168 - Accelerated cost recovery system
- Section 169 - Amortization of pollution control facilities
- Section 170 - Charitable, etc., contributions and gifts
- Section 171 - Amortizable bond premium
- Section 172 - Net operating loss deduction
- Section 173 - Circulation expenditures
- Section 174 - Research and experimental expenditures
- Section 175 - Soil and water conservation expenditures; endangered species recovery expenditures
- Section 176 - Payments with respect to employees of certain foreign corporations
- Section 177 - Repealed. Pub. L. 99-514, title II, §241(a), Oct. 22, 1986, 100 Stat. 2181
- Section 178 - Amortization of cost of acquiring a lease
- Section 179 - Election to expense certain depreciable business assets
- Section 179A - Deduction for clean-fuel vehicles and certain refueling property
- Section 179B - Deduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations
- Section 179C - Election to expense certain refineries
- Section 179D - Energy efficient commercial buildings deduction
- Section 179E - Election to expense advanced mine safety equipment
- Section 180 - Expenditures by farmers for fertilizer, etc.
- Section 181 - Treatment of certain qualified film and television productions
- Section 182 - Repealed. Pub. L. 99-514, title IV, §402(a), Oct. 22, 1986, 100 Stat. 2221
- Section 183 - Activities not engaged in for profit
- Section 184 - Repealed. Pub. L. 101-508, title XI, §11801(a)(12), Nov. 5, 1990, 104 Stat. 1388-520
- Section 185 - Repealed. Pub. L. 99-514, title II, §242(a), Oct. 22, 1986, 100 Stat. 2181
- Section 186 - Recoveries of damages for antitrust violations, etc.
- Section 187 - Repealed. Pub. L. 94-455, title XIX, §1901(a)(31), Oct. 4, 1976, 90 Stat. 1769
- Section 188 - Repealed. Pub. L. 101-508, title XI, §11801(a)(13), Nov. 5, 1990, 104 Stat. 1388-520
- Section 189 - Repealed. Pub. L. 99-514, title VIII, §803(b)(1), Oct. 22, 1986, 100 Stat. 2355
- Section 190 - Expenditures to remove architectural and transportation barriers to the handicapped and elderly
- Section 191 - Repealed. Pub. L. 97-34, title II, §212(d)(1), Aug. 13, 1981, 95 Stat. 239
- Section 192 - Contributions to black lung benefit trust
- Section 193 - Tertiary injectants
- Section 194 - Treatment of reforestation expenditures
- Section 194A - Contributions to employer liability trusts
- Section 195 - Start-up expenditures
- Section 196 - Deduction for certain unused business credits
- Section 197 - Amortization of goodwill and certain other intangibles
- Section 198 - Expensing of environmental remediation costs
- Section 198A - Expensing of qualified disaster expenses
- Section 199 - Income attributable to domestic production activities
- Part VII - ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS (§§ 211 - 224)
- Table Of Contents
- Front Matter
- Section 211 - Allowance of deductions
- Section 212 - Expenses for production of income
- Section 213 - Medical, dental, etc., expenses
- Section 214 - Repealed. Pub. L. 94-455, title V, §504(b)(1), Oct. 4, 1976, 90 Stat. 1565
- Section 215 - Alimony, etc., payments
- Section 216 - Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder
- Section 217 - Moving expenses
- Section 218 - Repealed. Pub. L. 95-600, title I, §113(a)(1), Nov. 6, 1978, 92 Stat. 2778
- Section 219 - Retirement savings
- Section 220 - Archer MSAs
- Section 221 - Interest on education loans
- Section 222 - Qualified tuition and related expenses
- Section 223 - Health savings accounts
- Section 224 - Cross reference
- Part VIII - SPECIAL DEDUCTIONS FOR CORPORATIONS (§§ 241 - 250)
- Table Of Contents
- Front Matter
- Section 241 - Allowance of special deductions
- Section 242 - Repealed. Pub. L. 94-455, title XIX, §1901(a)(33), Oct. 4, 1976, 90 Stat. 1769
- Section 243 - Dividends received by corporations
- Section 244 - Dividends received on certain preferred stock
- Section 245 - Dividends received from certain foreign corporations
- Section 246 - Rules applying to deductions for dividends received
- Section 246A - Dividends received deduction reduced where portfolio stock is debt financed
- Section 247 - Dividends paid on certain preferred stock of public utilities
- Section 248 - Organizational expenditures
- Section 249 - Limitation on deduction of bond premium on repurchase
- Section 250 - Repealed. Pub. L. 101-508, title XI, §11801(a)(15), Nov. 5, 1990, 104 Stat. 1388-520
- Part IX - ITEMS NOT DEDUCTIBLE (§§ 261 - 280H)
- Table Of Contents
- Front Matter
- Section 261 - General rule for disallowance of deductions
- Section 262 - Personal, living, and family expenses
- Section 263 - Capital expenditures
- Section 263A - Capitalization and inclusion in inventory costs of certain expenses
- Section 264 - Certain amounts paid in connection with insurance contracts
- Section 265 - Expenses and interest relating to tax-exempt income
- Section 266 - Carrying charges
- Section 267 - Losses, expenses, and interest with respect to transactions between related taxpayers
- Section 268 - Sale of land with unharvested crop
- Section 269 - Acquisitions made to evade or avoid income tax
- Section 269A - Personal service corporations formed or availed of to avoid or evade income tax
- Section 269B - Stapled entities
- Section 270 - Repealed. Pub. L. 91-172, title II, §213(b), Dec. 30, 1969, 83 Stat. 572
- Section 271 - Debts owed by political parties, etc.
- Section 272 - Disposal of coal or domestic iron ore
- Section 273 - Holders of life or terminable interest
- Section 274 - Disallowance of certain entertainment, etc., expenses
- Section 275 - Certain taxes
- Section 276 - Certain indirect contributions to political parties
- Section 277 - Deductions incurred by certain membership organizations in transactions with members
- Section 278 - Repealed. Pub. L. 99-514, title VIII, §803(b)(6), Oct. 22, 1986, 100 Stat. 2356
- Section 279 - Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation
- Section 280 - Repealed. Pub. L. 99-514, title VIII, §803(b)(2)(A), Oct. 22, 1986, 100 Stat. 2355
- Section 280A - Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.
- Section 280B - Demolition of structures
- Section 280C - Certain expenses for which credits are allowable
- Section 280D - Repealed. Pub. L. 100-418, title I, §1941(b)(4)(A), Aug. 23, 1988, 102 Stat. 1324
- Section 280E - Expenditures in connection with the illegal sale of drugs
- Section 280F - Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes
- Section 280G - Golden parachute payments
- Section 280H - Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years
- Part X - TERMINAL RAILROAD CORPORATIONS AND THEIR SHAREHOLDERS (§§ 281)
- Part XI - SPECIAL RULES RELATING TO CORPORATE PREFERENCE ITEMS (§§ 291)
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