INTERNAL REVENUE CODE OF 1986
Index » Subtitle A » Chapter 1 » Subchapter B
Subtitle A. Income Taxes (§§ 1-1564)
CHAPTER 1. NORMAL TAXES AND SURTAXES
Subchapter B. Computation of Taxable Income
Current through February 18, 2024 (Pub. L. 118-39)
The following list shows all sections of subchapter B (Computation of Taxable Income) of chapter 1 (NORMAL TAXES AND SURTAXES) of subtitle A (Income Taxes (§§ 1-1564)) of the Internal Revenue Code of 1986 (Title 26 of the United States Code). Tap a section to view its text.
| Section | Section Title |
| I.R.C. 61 | Gross income defined |
| I.R.C. 62 | Adjusted gross income defined |
| I.R.C. 63 | Taxable income defined |
| I.R.C. 64 | Ordinary income defined |
| I.R.C. 65 | Ordinary loss defined |
| I.R.C. 66 | Treatment of community income |
| I.R.C. 67 | -percent floor on miscellaneous itemized deductions |
| I.R.C. 68 | Overall limitation on itemized deductions |
| I.R.C. 71 | Repealed. Pub. L. 115–97, title I, §11051(b)(1)(B), Dec. 22, 2017, 131 Stat. 2089 |
| I.R.C. 72 | Annuities; certain proceeds of endowment and life insurance contracts |
| I.R.C. 73 | Services of child |
| I.R.C. 74 | Prizes and awards |
| I.R.C. 75 | Dealers in tax-exempt securities |
| I.R.C. 76 | Repealed. Pub. L. 94–455, title XIX, §1901(a)(14), Oct. 4, 1976, 90 Stat. 1765 |
| I.R.C. 77 | Commodity credit loans |
| I.R.C. 78 | Gross up for deemed paid foreign tax credit |
| I.R.C. 79 | Group-term life insurance purchased for employees |
| I.R.C. 80 | Restoration of value of certain securities |
| I.R.C. 81 | Repealed. Pub. L. 100–203, title X, §10201(b)(1), Dec. 22, 1987, 101 Stat. 1330–387 |
| I.R.C. 82 | Reimbursement of moving expenses |
| I.R.C. 83 | Property transferred in connection with performance of services |
| I.R.C. 84 | Transfer of appreciated property to political organizations |
| I.R.C. 85 | Unemployment compensation |
| I.R.C. 86 | Social security and tier 1 railroad retirement benefits |
| I.R.C. 87 | Alcohol and biodiesel fuels credits |
| I.R.C. 88 | Certain amounts with respect to nuclear decommissioning costs |
| I.R.C. 89 | Repealed. Pub. L. 101–140, title II, §202(a), Nov. 8, 1989, 103 Stat. 830 |
| I.R.C. 90 | Illegal Federal irrigation subsidies |
| I.R.C. 91 | Certain foreign branch losses transferred to specified 10-percent owned foreign corporations |
| I.R.C. 101 | Certain death benefits |
| I.R.C. 102 | Gifts and inheritances |
| I.R.C. 103 | Interest on State and local bonds |
| I.R.C. 103A | Repealed. Pub. L. 99–514, title XIII, §1301(j)(1), Oct. 22, 1986, 100 Stat. 2657 |
| I.R.C. 104 | Compensation for injuries or sickness |
| I.R.C. 105 | Amounts received under accident and health plans |
| I.R.C. 106 | Contributions by employer to accident and health plans |
| I.R.C. 107 | Rental value of parsonages |
| I.R.C. 108 | Income from discharge of indebtedness |
| I.R.C. 109 | Improvements by lessee on lessor's property |
| I.R.C. 110 | Qualified lessee construction allowances for short-term leases |
| I.R.C. 111 | Recovery of tax benefit items |
| I.R.C. 112 | Certain combat zone compensation of members of the Armed Forces |
| I.R.C. 113 | Repealed. Pub. L. 101–508, title XI, §11801(a)(7), Nov. 5, 1990, 104 Stat. 1388–520 |
| I.R.C. 114 | Repealed. Pub. L. 108–357, title I, §101(a), Oct. 22, 2004, 118 Stat. 1423 |
| I.R.C. 115 | Income of States, municipalities, etc. |
| I.R.C. 116 | Repealed. Pub. L. 99–514, title VI, §612(a), Oct. 22, 1986, 100 Stat. 2250 |
| I.R.C. 117 | Qualified scholarships |
| I.R.C. 118 | Contributions to the capital of a corporation |
| I.R.C. 119 | Meals or lodging furnished for the convenience of the employer |
| I.R.C. 120 | Repealed. Pub. L. 113–295, div. A, title II, §221(a)(19)(A), Dec. 19, 2014, 128 Stat. 4039 |
| I.R.C. 121 | Exclusion of gain from sale of principal residence |
| I.R.C. 122 | Certain reduced uniformed services retirement pay |
| I.R.C. 123 | Amounts received under insurance contracts for certain living expenses |
| I.R.C. 124 | Repealed. Pub. L. 101–508, title XI, §11801(a)(9), Nov. 5, 1990, 104 Stat. 1388–520 |
| I.R.C. 125 | Cafeteria plans |
| I.R.C. 126 | Certain cost-sharing payments |
| I.R.C. 127 | Educational assistance programs |
| I.R.C. 128 | Repealed. Pub. L. 101–508, title XI, §11801(a)(10), Nov. 5, 1990, 104 Stat. 1388–520 |
| I.R.C. 129 | Dependent care assistance programs |
| I.R.C. 130 | Certain personal injury liability assignments |
| I.R.C. 131 | Certain foster care payments |
| I.R.C. 132 | Certain fringe benefits |
| I.R.C. 133 | Repealed. Pub. L. 104–188, title I, §1602(a), Aug. 20, 1996, 110 Stat. 1833 |
| I.R.C. 134 | Certain military benefits |
| I.R.C. 135 | Income from United States savings bonds used to pay higher education tuition and fees |
| I.R.C. 136 | Energy conservation subsidies provided by public utilities |
| I.R.C. 137 | Adoption assistance programs |
| I.R.C. 138 | Medicare Advantage MSA |
| I.R.C. 139 | Disaster relief payments |
| I.R.C. 139A | Federal subsidies for prescription drug plans |
| I.R.C. 139B | Benefits provided to volunteer firefighters and emergency medical responders |
| I.R.C. 139C | Certain disability-related first responder retirement payments |
| I.R.C. 139D | Indian health care benefits |
| I.R.C. 139E | Indian general welfare benefits |
| I.R.C. 139F | Certain amounts received by wrongfully incarcerated individuals |
| I.R.C. 139G | Assignments to Alaska Native Settlement Trusts |
| I.R.C. 139H | Interest received in action to recover property seized by the Internal Revenue Service based on structuring transaction |
| I.R.C. 139I | Continuation coverage premium assistance |
| I.R.C. 140 | Cross references to other Acts |
| I.R.C. 141 | Private activity bond; qualified bond |
| I.R.C. 142 | Exempt facility bond |
| I.R.C. 143 | Mortgage revenue bonds: qualified mortgage bond and qualified veterans' mortgage bond |
| I.R.C. 144 | Qualified small issue bond; qualified student loan bond; qualified redevelopment bond |
| I.R.C. 145 | Qualified 501(c)(3) bond |
| I.R.C. 146 | Volume cap |
| I.R.C. 147 | Other requirements applicable to certain private activity bonds |
| I.R.C. 148 | Arbitrage |
| I.R.C. 149 | Bonds must be registered to be tax exempt; other requirements |
| I.R.C. 150 | Definitions and special rules |
| I.R.C. 151 | Allowance of deductions for personal exemptions |
| I.R.C. 152 | Dependent defined |
| I.R.C. 153 | Cross references |
| I.R.C. 161 | Allowance of deductions |
| I.R.C. 162 | Trade or business expenses |
| I.R.C. 163 | Interest |
| I.R.C. 164 | Taxes |
| I.R.C. 165 | Losses |
| I.R.C. 166 | Bad debts |
| I.R.C. 167 | Depreciation |
| I.R.C. 168 | Accelerated cost recovery system |
| I.R.C. 169 | Amortization of pollution control facilities |
| I.R.C. 170 | Charitable, etc., contributions and gifts |
| I.R.C. 171 | Amortizable bond premium |
| I.R.C. 172 | Net operating loss deduction |
| I.R.C. 173 | Circulation expenditures |
| I.R.C. 174 | Amortization of research and experimental expenditures |
| I.R.C. 175 | Soil and water conservation expenditures; endangered species recovery expenditures |
| I.R.C. 176 | Payments with respect to employees of certain foreign corporations |
| I.R.C. 177 | Repealed. Pub. L. 99–514, title II, §241(a), Oct. 22, 1986, 100 Stat. 2181 |
| I.R.C. 178 | Amortization of cost of acquiring a lease |
| I.R.C. 179 | Election to expense certain depreciable business assets |
| I.R.C. 179A | Repealed. Pub. L. 113–295, div. A, title II, §221(a)(34)(A), Dec. 19, 2014, 128 Stat. 4042 |
| I.R.C. 179B | Deduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations |
| I.R.C. 179C | Election to expense certain refineries |
| I.R.C. 179D | Energy efficient commercial buildings deduction |
| I.R.C. 179E | Election to expense advanced mine safety equipment |
| I.R.C. 180 | Expenditures by farmers for fertilizer, etc. |
| I.R.C. 181 | Treatment of certain qualified film and television and live theatrical productions |
| I.R.C. 182 | Repealed. Pub. L. 99–514, title IV, §402(a), Oct. 22, 1986, 100 Stat. 2221 |
| I.R.C. 183 | Activities not engaged in for profit |
| I.R.C. 184 | Repealed. Pub. L. 101–508, title XI, §11801(a)(12), Nov. 5, 1990, 104 Stat. 1388–520 |
| I.R.C. 185 | Repealed. Pub. L. 99–514, title II, §242(a), Oct. 22, 1986, 100 Stat. 2181 |
| I.R.C. 186 | Recoveries of damages for antitrust violations, etc. |
| I.R.C. 187 | Repealed. Pub. L. 94–455, title XIX, §1901(a)(31), Oct. 4, 1976, 90 Stat. 1769 |
| I.R.C. 188 | Repealed. Pub. L. 101–508, title XI, §11801(a)(13), Nov. 5, 1990, 104 Stat. 1388–520 |
| I.R.C. 189 | Repealed. Pub. L. 99–514, title VIII, §803(b)(1), Oct. 22, 1986, 100 Stat. 2355 |
| I.R.C. 190 | Expenditures to remove architectural and transportation barriers to the handicapped and elderly |
| I.R.C. 191 | Repealed. Pub. L. 97–34, title II, §212(d)(1), Aug. 13, 1981, 95 Stat. 239 |
| I.R.C. 192 | Contributions to black lung benefit trust |
| I.R.C. 193 | Tertiary injectants |
| I.R.C. 194 | Treatment of reforestation expenditures |
| I.R.C. 194A | Contributions to employer liability trusts |
| I.R.C. 195 | Start-up expenditures |
| I.R.C. 196 | Deduction for certain unused business credits |
| I.R.C. 197 | Amortization of goodwill and certain other intangibles |
| I.R.C. 198 | Expensing of environmental remediation costs |
| I.R.C. 198A | Repealed. Pub. L. 113–295, div. A, title II, §221(a)(35), Dec. 19, 2014, 128 Stat. 4042 |
| I.R.C. 199 | Repealed. Pub. L. 115–97, title I, §13305(a), Dec. 22, 2017, 131 Stat. 2126 |
| I.R.C. 199A | Qualified business income |
| I.R.C. 211 | Allowance of deductions |
| I.R.C. 212 | Expenses for production of income |
| I.R.C. 213 | Medical, dental, etc., expenses |
| I.R.C. 214 | Repealed. Pub. L. 94–455, title V, §504(b)(1), Oct. 4, 1976, 90 Stat. 1565 |
| I.R.C. 215 | Repealed. Pub. L. 115–97, title I, §11051(a), Dec. 22, 2017, 131 Stat. 2089 |
| I.R.C. 216 | Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder |
| I.R.C. 217 | Moving expenses |
| I.R.C. 218 | Repealed. Pub. L. 95–600, title I, §113(a)(1), Nov. 6, 1978, 92 Stat. 2778 |
| I.R.C. 219 | Retirement savings |
| I.R.C. 220 | Archer MSAs |
| I.R.C. 221 | Interest on education loans |
| I.R.C. 222 | Repealed. Pub. L. 116–260, div. EE, title I, §104(b)(1), Dec. 27, 2020, 134 Stat. 3041 |
| I.R.C. 223 | Health savings accounts |
| I.R.C. 224 | Cross reference |
| I.R.C. 241 | Allowance of special deductions |
| I.R.C. 242 | Repealed. Pub. L. 94–455, title XIX, §1901(a)(33), Oct. 4, 1976, 90 Stat. 1769 |
| I.R.C. 243 | Dividends received by corporations |
| I.R.C. 244 | Repealed. Pub. L. 113–295, div. A, title II, §221(a)(41)(A), Dec. 19, 2014, 128 Stat. 4043 |
| I.R.C. 245 | Dividends received from certain foreign corporations |
| I.R.C. 245A | Deduction for foreign source-portion of dividends received by domestic corporations from specified 10-percent owned foreign corporations |
| I.R.C. 246 | Rules applying to deductions for dividends received |
| I.R.C. 246A | Dividends received deduction reduced where portfolio stock is debt financed |
| I.R.C. 247 | Contributions to Alaska Native Settlement Trusts |
| I.R.C. 248 | Organizational expenditures |
| I.R.C. 249 | Limitation on deduction of bond premium on repurchase |
| I.R.C. 250 | Foreign-derived intangible income and global intangible low-taxed income |
| I.R.C. 261 | General rule for disallowance of deductions |
| I.R.C. 262 | Personal, living, and family expenses |
| I.R.C. 263 | Capital expenditures |
| I.R.C. 263A | Capitalization and inclusion in inventory costs of certain expenses |
| I.R.C. 264 | Certain amounts paid in connection with insurance contracts |
| I.R.C. 265 | Expenses and interest relating to tax-exempt income |
| I.R.C. 266 | Carrying charges |
| I.R.C. 267 | Losses, expenses, and interest with respect to transactions between related taxpayers |
| I.R.C. 267A | Certain related party amounts paid or accrued in hybrid transactions or with hybrid entities |
| I.R.C. 268 | Sale of land with unharvested crop |
| I.R.C. 269 | Acquisitions made to evade or avoid income tax |
| I.R.C. 269A | Personal service corporations formed or availed of to avoid or evade income tax |
| I.R.C. 269B | Stapled entities |
| I.R.C. 270 | Repealed. Pub. L. 91–172, title II, §213(b), Dec. 30, 1969, 83 Stat. 572 |
| I.R.C. 271 | Debts owed by political parties, etc. |
| I.R.C. 272 | Disposal of coal or domestic iron ore |
| I.R.C. 273 | Holders of life or terminable interest |
| I.R.C. 274 | Disallowance of certain entertainment, etc., expenses |
| I.R.C. 275 | Certain taxes |
| I.R.C. 276 | Certain indirect contributions to political parties |
| I.R.C. 277 | Deductions incurred by certain membership organizations in transactions with members |
| I.R.C. 278 | Repealed. Pub. L. 99–514, title VIII, §803(b)(6), Oct. 22, 1986, 100 Stat. 2356 |
| I.R.C. 279 | Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation |
| I.R.C. 280 | Repealed. Pub. L. 99–514, title VIII, §803(b)(2)(A), Oct. 22, 1986, 100 Stat. 2355 |
| I.R.C. 280A | Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc. |
| I.R.C. 280B | Demolition of structures |
| I.R.C. 280C | Certain expenses for which credits are allowable |
| I.R.C. 280D | Repealed. Pub. L. 100–418, title I, §1941(b)(4)(A), Aug. 23, 1988, 102 Stat. 1324 |
| I.R.C. 280E | Expenditures in connection with the illegal sale of drugs |
| I.R.C. 280F | Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes |
| I.R.C. 280G | Golden parachute payments |
| I.R.C. 280H | Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years |
| I.R.C. 281 | Terminal railroad corporations and their shareholders |
| I.R.C. 291 | Special rules relating to corporate preference items |
The preliminary Code is a preliminary release of the Internal Revenue Code of 1986 (the "Code")
by the Office of the Law Revision Counsel and is subject to further revision before it is released again as a
final version. The source of the preliminary Code used in TouchTax is available here: https://uscode.house.gov/download/download.shtml.
The Code is a consolidation and codification by subject matter of the general and permanent laws
of the U.S. prepared by the Office of the Law Revision Counsel of the U.S. House of Representatives.
The Treasury Regulations are a codification of the general and permanent rules published in the Federal Register by the
departments and agencies of the federal government. The version of the Treasury Regulations available within TouchTax
is part of the Electronic Code of Federal Regulations which is not an official legal edition of the Code of Federal
Regulations but is an editorial compilation of CFR material and Federal Register amendments produced by the National
Archives and Records Administration's Office of the Federal Register (OFR) and the Government Publishing Office. The source
of the CFR used in TouchTax is available here: https://www.govinfo.gov/bulkdata/ECFR/title-26.
Those using TouchTax for legal research should verify their results against the printed versions of the Code and Treasury Regulations.
TouchTax is copyright 2024 by Com-Lab (Mobile). Learn more at http://touchtax.edrich.de.