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this Subchapter
2018 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes
Chapter 1 - Normal Taxes and Surtaxes
Subchapter B - Computation of Taxable Income
Publication Title | United States Code, 2018 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 | 2018 |
Laws In Effect As Of Date | January 14, 2019 |
Positive Law | No |
Disposition | standard |
- Table of Contents
- Front Matter
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Part I - Definition of Gross Income, Adjusted Gross Income, Taxable Income, Etc.
(Sections 61 - 68)
- Table of Contents
- Front Matter
- Sec. 61 - Gross income defined
- Sec. 62 - Adjusted gross income defined
- Sec. 63 - Taxable income defined
- Sec. 64 - Ordinary income defined
- Sec. 65 - Ordinary loss defined
- Sec. 66 - Treatment of community income
- Sec. 67 - 2-percent floor on miscellaneous itemized deductions
- Sec. 68 - Overall limitation on itemized deductions
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Part II - Items Specifically Included in Gross Income
(Sections 71 - 91)
- Table of Contents
- Front Matter
- Sec. 71 - Repealed. Pub. L. 115-97, title I, §11051(b)(1)(B), Dec. 22, 2017, 131 Stat. 2089
- Sec. 72 - Annuities; certain proceeds of endowment and life insurance contracts
- Sec. 73 - Services of child
- Sec. 74 - Prizes and awards
- Sec. 75 - Dealers in tax-exempt securities
- Sec. 76 - Repealed. Pub. L. 94-455, title XIX, §1901(a)(14), Oct. 4, 1976, 90 Stat. 1765
- Sec. 77 - Commodity credit loans
- Sec. 78 - Gross up for deemed paid foreign tax credit
- Sec. 79 - Group-term life insurance purchased for employees
- Sec. 80 - Restoration of value of certain securities
- Sec. 81 - Repealed. Pub. L. 100-203, title X, §10201(b)(1), Dec. 22, 1987, 101 Stat. 1330-387
- Sec. 82 - Reimbursement of moving expenses
- Sec. 83 - Property transferred in connection with performance of services
- Sec. 84 - Transfer of appreciated property to political organizations
- Sec. 85 - Unemployment compensation
- Sec. 86 - Social security and tier 1 railroad retirement benefits
- Sec. 87 - Alcohol and biodiesel fuels credits
- Sec. 88 - Certain amounts with respect to nuclear decommissioning costs
- Sec. 89 - Repealed. Pub. L. 101-140, title II, §202(a), Nov. 8, 1989, 103 Stat. 830
- Sec. 90 - Illegal Federal irrigation subsidies
- Sec. 91 - Certain foreign branch losses transferred to specified 10-percent owned foreign corporations
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Part III - Items Specifically Excluded From Gross Income
(Sections 101 - 140)
- Table of Contents
- Front Matter
- Sec. 101 - Certain death benefits
- Sec. 102 - Gifts and inheritances
- Sec. 103 - Interest on State and local bonds
- Sec. 103A - Repealed. Pub. L. 99-514, title XIII, §1301(j)(1), Oct. 22, 1986, 100 Stat. 2657
- Sec. 104 - Compensation for injuries or sickness
- Sec. 105 - Amounts received under accident and health plans
- Sec. 106 - Contributions by employer to accident and health plans
- Sec. 107 - Rental value of parsonages
- Sec. 108 - Income from discharge of indebtedness
- Sec. 109 - Improvements by lessee on lessor's property
- Sec. 110 - Qualified lessee construction allowances for short-term leases
- Sec. 111 - Recovery of tax benefit items
- Sec. 112 - Certain combat zone compensation of members of the Armed Forces
- Sec. 113 - Repealed. Pub. L. 101-508, title XI, §11801(a)(7), Nov. 5, 1990, 104 Stat. 1388-520
- Sec. 114 - Repealed. Pub. L. 108-357, title I, §101(a), Oct. 22, 2004, 118 Stat. 1423
- Sec. 115 - Income of States, municipalities, etc.
- Sec. 116 - Repealed. Pub. L. 99-514, title VI, §612(a), Oct. 22, 1986, 100 Stat. 2250
- Sec. 117 - Qualified scholarships
- Sec. 118 - Contributions to the capital of a corporation
- Sec. 119 - Meals or lodging furnished for the convenience of the employer
- Sec. 120 - Repealed. Pub. L. 113-295, div. A, title II, §221(a)(19)(A), Dec. 19, 2014, 128 Stat. 4039
- Sec. 121 - Exclusion of gain from sale of principal residence
- Sec. 122 - Certain reduced uniformed services retirement pay
- Sec. 123 - Amounts received under insurance contracts for certain living expenses
- Sec. 124 - Repealed. Pub. L. 101-508, title XI, §11801(a)(9), Nov. 5, 1990, 104 Stat. 1388-520
- Sec. 125 - Cafeteria plans
- Sec. 126 - Certain cost-sharing payments
- Sec. 127 - Educational assistance programs
- Sec. 128 - Repealed. Pub. L. 101-508, title XI, §11801(a)(10), Nov. 5, 1990, 104 Stat. 1388-520
- Sec. 129 - Dependent care assistance programs
- Sec. 130 - Certain personal injury liability assignments
- Sec. 131 - Certain foster care payments
- Sec. 132 - Certain fringe benefits
- Sec. 133 - Repealed. Pub. L. 104-188, title I, §1602(a), Aug. 20, 1996, 110 Stat. 1833
- Sec. 134 - Certain military benefits
- Sec. 135 - Income from United States savings bonds used to pay higher education tuition and fees
- Sec. 136 - Energy conservation subsidies provided by public utilities
- Sec. 137 - Adoption assistance programs
- Sec. 138 - Medicare Advantage MSA
- Sec. 139 - Disaster relief payments
- Sec. 139A - Federal subsidies for prescription drug plans
- Sec. 139B - Benefits provided to volunteer firefighters and emergency medical responders
- Sec. 139C - Repealed. Pub. L. 115-141, div. U, title IV, §401(d)(7)(C), Mar. 23, 2018, 132 Stat. 1212
- Sec. 139D - Indian health care benefits
- Sec. 139E - Indian general welfare benefits
- Sec. 139F - Certain amounts received by wrongfully incarcerated individuals
- Sec. 139G - Assignments to Alaska Native Settlement Trusts
- Sec. 140 - Cross references to other Acts
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Part IV - Tax Exemption Requirements for State and Local Bonds
(Sections 141 - 150)
- Table of Contents
- Front Matter
- Subpart A - Private Activity Bonds (Sections 141 - 147)
- Subpart B - Requirements Applicable to All State and Local Bonds (Sections 148 - 149)
- Subpart C - Definitions and Special Rules (Sections 150 - 150)
- + Part V - Deductions for Personal Exemptions (Sections 151 - 153)
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Part VI - Itemized Deductions for Individuals and Corporations
(Sections 161 - 199A)
- Table of Contents
- Front Matter
- Sec. 161 - Allowance of deductions
- Sec. 162 - Trade or business expenses
- Sec. 163 - Interest
- Sec. 164 - Taxes
- Sec. 165 - Losses
- Sec. 166 - Bad debts
- Sec. 167 - Depreciation
- Sec. 168 - Accelerated cost recovery system
- Sec. 169 - Amortization of pollution control facilities
- Sec. 170 - Charitable, etc., contributions and gifts
- Sec. 171 - Amortizable bond premium
- Sec. 172 - Net operating loss deduction
- Sec. 173 - Circulation expenditures
- Sec. 174 - Research and experimental expenditures
- Sec. 175 - Soil and water conservation expenditures; endangered species recovery expenditures
- Sec. 176 - Payments with respect to employees of certain foreign corporations
- Sec. 177 - Repealed. Pub. L. 99-514, title II, §241(a), Oct. 22, 1986, 100 Stat. 2181
- Sec. 178 - Amortization of cost of acquiring a lease
- Sec. 179 - Election to expense certain depreciable business assets
- Sec. 179A - Repealed. Pub. L. 113-295, div. A, title II, §221(a)(34)(A), Dec. 19, 2014, 128 Stat. 4042
- Sec. 179B - Deduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations
- Sec. 179C - Election to expense certain refineries
- Sec. 179D - Energy efficient commercial buildings deduction
- Sec. 179E - Election to expense advanced mine safety equipment
- Sec. 180 - Expenditures by farmers for fertilizer, etc.
- Sec. 181 - Treatment of certain qualified film and television and live theatrical productions
- Sec. 182 - Repealed. Pub. L. 99-514, title IV, §402(a), Oct. 22, 1986, 100 Stat. 2221
- Sec. 183 - Activities not engaged in for profit
- Sec. 184 - Repealed. Pub. L. 101-508, title XI, §11801(a)(12), Nov. 5, 1990, 104 Stat. 1388-520
- Sec. 185 - Repealed. Pub. L. 99-514, title II, §242(a), Oct. 22, 1986, 100 Stat. 2181
- Sec. 186 - Recoveries of damages for antitrust violations, etc.
- Sec. 187 - Repealed. Pub. L. 94-455, title XIX, §1901(a)(31), Oct. 4, 1976, 90 Stat. 1769
- Sec. 188 - Repealed. Pub. L. 101-508, title XI, §11801(a)(13), Nov. 5, 1990, 104 Stat. 1388-520
- Sec. 189 - Repealed. Pub. L. 99-514, title VIII, §803(b)(1), Oct. 22, 1986, 100 Stat. 2355
- Sec. 190 - Expenditures to remove architectural and transportation barriers to the handicapped and elderly
- Sec. 191 - Repealed. Pub. L. 97-34, title II, §212(d)(1), Aug. 13, 1981, 95 Stat. 239
- Sec. 192 - Contributions to black lung benefit trust
- Sec. 193 - Tertiary injectants
- Sec. 194 - Treatment of reforestation expenditures
- Sec. 194A - Contributions to employer liability trusts
- Sec. 195 - Start-up expenditures
- Sec. 196 - Deduction for certain unused business credits
- Sec. 197 - Amortization of goodwill and certain other intangibles
- Sec. 198 - Expensing of environmental remediation costs
- Sec. 198A - Repealed. Pub. L. 113-295, div. A, title II, §221(a)(35), Dec. 19, 2014, 128 Stat. 4042
- Sec. 199 - Repealed. Pub. L. 115-97, title I, §13305(a), Dec. 22, 2017, 131 Stat. 2126
- Sec. 199A - Qualified business income
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Part VII - Additional Itemized Deductions for Individuals
(Sections 211 - 224)
- Table of Contents
- Front Matter
- Sec. 211 - Allowance of deductions
- Sec. 212 - Expenses for production of income
- Sec. 213 - Medical, dental, etc., expenses
- Sec. 214 - Repealed. Pub. L. 94-455, title V, §504(b)(1), Oct. 4, 1976, 90 Stat. 1565
- Sec. 215 - Repealed. Pub. L. 115-97, title I, §11051(a), Dec. 22, 2017, 131 Stat. 2089
- Sec. 216 - Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder
- Sec. 217 - Moving expenses
- Sec. 218 - Repealed. Pub. L. 95-600, title I, §113(a)(1), Nov. 6, 1978, 92 Stat. 2778
- Sec. 219 - Retirement savings
- Sec. 220 - Archer MSAs
- Sec. 221 - Interest on education loans
- Sec. 222 - Qualified tuition and related expenses
- Sec. 223 - Health savings accounts
- Sec. 224 - Cross reference
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Part VIII - Special Deductions for Corporations
(Sections 241 - 250)
- Table of Contents
- Front Matter
- Sec. 241 - Allowance of special deductions
- Sec. 242 - Repealed. Pub. L. 94-455, title XIX, §1901(a)(33), Oct. 4, 1976, 90 Stat. 1769
- Sec. 243 - Dividends received by corporations
- Sec. 244 - Repealed. Pub. L. 113-295, div. A, title II, §221(a)(41)(A), Dec. 19, 2014, 128 Stat. 4043
- Sec. 245 - Dividends received from certain foreign corporations
- Sec. 245A - Deduction for foreign source-portion of dividends received by domestic corporations from specified 10-percent owned foreign corporations
- Sec. 246 - Rules applying to deductions for dividends received
- Sec. 246A - Dividends received deduction reduced where portfolio stock is debt financed
- Sec. 247 - Contributions to Alaska Native Settlement Trusts
- Sec. 248 - Organizational expenditures
- Sec. 249 - Limitation on deduction of bond premium on repurchase
- Sec. 250 - Foreign-derived intangible income and global intangible low-taxed income
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Part IX - Items Not Deductible
(Sections 261 - 280H)
- Table of Contents
- Front Matter
- Sec. 261 - General rule for disallowance of deductions
- Sec. 262 - Personal, living, and family expenses
- Sec. 263 - Capital expenditures
- Sec. 263A - Capitalization and inclusion in inventory costs of certain expenses
- Sec. 264 - Certain amounts paid in connection with insurance contracts
- Sec. 265 - Expenses and interest relating to tax-exempt income
- Sec. 266 - Carrying charges
- Sec. 267 - Losses, expenses, and interest with respect to transactions between related taxpayers
- Sec. 267A - Certain related party amounts paid or accrued in hybrid transactions or with hybrid entities
- Sec. 268 - Sale of land with unharvested crop
- Sec. 269 - Acquisitions made to evade or avoid income tax
- Sec. 269A - Personal service corporations formed or availed of to avoid or evade income tax
- Sec. 269B - Stapled entities
- Sec. 270 - Repealed. Pub. L. 91-172, title II, §213(b), Dec. 30, 1969, 83 Stat. 572
- Sec. 271 - Debts owed by political parties, etc.
- Sec. 272 - Disposal of coal or domestic iron ore
- Sec. 273 - Holders of life or terminable interest
- Sec. 274 - Disallowance of certain entertainment, etc., expenses
- Sec. 275 - Certain taxes
- Sec. 276 - Certain indirect contributions to political parties
- Sec. 277 - Deductions incurred by certain membership organizations in transactions with members
- Sec. 278 - Repealed. Pub. L. 99-514, title VIII, §803(b)(6), Oct. 22, 1986, 100 Stat. 2356
- Sec. 279 - Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation
- Sec. 280 - Repealed. Pub. L. 99-514, title VIII, §803(b)(2)(A), Oct. 22, 1986, 100 Stat. 2355
- Sec. 280A - Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.
- Sec. 280B - Demolition of structures
- Sec. 280C - Certain expenses for which credits are allowable
- Sec. 280D - Repealed. Pub. L. 100-418, title I, §1941(b)(4)(A), Aug. 23, 1988, 102 Stat. 1324
- Sec. 280E - Expenditures in connection with the illegal sale of drugs
- Sec. 280F - Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes
- Sec. 280G - Golden parachute payments
- Sec. 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 (Sections 281 - 281)
- + Part XI - Special Rules Relating to Corporate Preference Items (Sections 291 - 291)
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