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Code of Federal Regulations Title 26. Internal Revenue § 26.1.261–1 General rule for disallowance of deductions

Current as of January 02, 2025 | Updated by Findlaw Staff

In computing taxable income, no deduction shall be allowed, except as otherwise expressly provided in Chapter 1 of the Code, in respect of any of the items specified in Part IX (section 262 and following), Subchapter B, Chapter 1 of the Code, and the regulations thereunder.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 26. Internal Revenue § 26.1.261–1 General rule for disallowance of deductions - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-26-internal-revenue/cfr-sect-26-1-261-1/

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