Current through Pub. L. 119-100Open in workspace

§ 261 General rule for disallowance of deductions

In computing taxable income no deduction shall in any case be allowed in respect of the items specified in this part.

(Aug. 16, 1954, ch. 736, 68A Stat. 76.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 261

Source: decipher.legal/usc/26/261 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)