USC Subchapter B

USC Subchapter B

in effect

Contents

section101. Certain death benefits section102. Gifts and inheritances section103. Interest on State and local bonds section104. Compensation for injuries or sickness section105. Amounts received under accident and health plans section106. Contributions by employer to accident and health plans section107. Rental value of parsonages section108. Income from discharge of indebtedness section109. Improvements by lessee on lessor’s property section110. Qualified lessee construction allowances for short-term leases section111. Recovery of tax benefit items section112. Certain combat zone compensation of members of the Armed Forces section115. Income of States, municipalities, etc.section117. Qualified scholarships section118. Contributions to the capital of a corporation section119. Meals or lodging furnished for the convenience of the employer section121. Exclusion of gain from sale of principal residence section122. Certain reduced uniformed services retirement pay section123. Amounts received under insurance contracts for certain living expenses section125. Cafeteria plans section126. Certain cost-sharing payments section127. Educational assistance programs section128. Employer contributions to Trump accounts section129. Dependent care assistance programs section130. Certain personal injury liability assignments section131. Certain foster care payments section132. Certain fringe benefits section134. Certain military benefits section135. Income from United States savings bonds used to pay higher education tuition and fees section136. Energy conservation subsidies provided by public utilities section137. Adoption assistance programs section138. Medicare Advantage MSA section139. Disaster relief payments section139A. Federal subsidies for prescription drug plans section139B. Benefits provided to volunteer firefighters and emergency medical responders section139C. Certain disability-related first responder retirement payments section139D. Indian health care benefits section139E. Indian general welfare benefits section139F. Certain amounts received by wrongfully incarcerated individuals section139G. Assignments to Alaska Native Settlement Trusts section139H. Interest received in action to recover property seized by the Internal Revenue Service based on structuring transaction section139I. Continuation coverage premium assistance section139J. Certain contributions to Trump accounts section139K. Scholarships for qualified elementary or secondary education expenses of eligible students section139L. Interest on loans secured by rural or agricultural real property section140. Cross references to other Acts section72. Annuities; certain proceeds of endowment and life insurance contracts section73. Services of child section74. Prizes and awards section75. Dealers in tax-exempt securities section77. Commodity credit loans section78. Gross up for deemed paid foreign tax credit section79. Group-term life insurance purchased for employees section80. Restoration of value of certain securities section82. Reimbursement of moving expenses section83. Property transferred in connection with performance of services section84. Transfer of appreciated property to political organizations section85. Unemployment compensation section86. Social security and tier 1 railroad retirement benefits section87. Alcohol and biodiesel fuels credits section88. Certain amounts with respect to nuclear decommissioning costs section90. Illegal Federal irrigation subsidies section91. Certain foreign branch losses transferred to specified 10-percent owned foreign corporations section61. Gross income defined section62. Adjusted gross income defined section63. Taxable income defined section64. Ordinary income defined section65. Ordinary loss defined section66. Treatment of community income section67. 2-percent floor on miscellaneous itemized deductions section68. Overall limitation on itemized deductions subpartA. USC Subpart A subpartB. USC Subpart B subpartC. USC Subpart C section261. General rule for disallowance of deductions section262. Personal, living, and family expenses section263. Capital expenditures section263A. Capitalization and inclusion in inventory costs of certain expenses section264. Certain amounts paid in connection with insurance contracts section265. Expenses and interest relating to tax-exempt income section266. Carrying charges section267. Losses, expenses, and interest with respect to transactions between related taxpayers section267A. Certain related party amounts paid or accrued in hybrid transactions or with hybrid entities section268. Sale of land with unharvested crop section269. Acquisitions made to evade or avoid income tax section269A. Personal service corporations formed or availed of to avoid or evade income tax section269B. Stapled entities section271. Debts owed by political parties, etc.section272. Disposal of coal or domestic iron ore section273. Holders of life or terminable interest section274. Disallowance of certain entertainment, etc., expenses section275. Certain taxes section276. Certain indirect contributions to political parties section277. Deductions incurred by certain membership organizations in transactions with members section279. Interest on indebtedness incurred by corporation to acquire stock or assets of another corporation section280A. Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc.section280B. Demolition of structures section280C. Certain expenses for which credits are allowable section280E. Expenditures in connection with the illegal sale of drugs section280F. Limitation on depreciation for luxury automobiles; limitation where certain property used for personal purposes section280G. Golden parachute payments section280H. Limitation on certain amounts paid to employee-owners by personal service corporations electing alternative taxable years section241. Allowance of special deductions section243. Dividends received by corporations section245. Dividends received from certain foreign corporations section245A. Deduction for foreign source-portion of dividends received by domestic corporations from specified 10-percent owned foreign corporations section246. Rules applying to deductions for dividends received section246A. Dividends received deduction reduced where portfolio stock is debt financed section247. Contributions to Alaska Native Settlement Trusts section248. Organizational expenditures section249. Limitation on deduction of bond premium on repurchase section250. Foreign-derived deduction eligible income and net CFC tested income section211. Allowance of deductions section212. Expenses for production of income section213. Medical, dental, etc., expenses section216. Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder section217. Moving expenses section219. Retirement savings section220. Archer MSAs section221. Interest on education loans section223. Health savings accounts section224. Qualified tips section225. Qualified overtime compensation section226. Cross reference section161. Allowance of deductions section162. Trade or business expenses section163. Interest section164. Taxes section165. Losses section166. Bad debts section167. Depreciation section168. Accelerated cost recovery system section169. Amortization of pollution control facilities section170. Charitable, etc., contributions and gifts section171. Amortizable bond premium section172. Net operating loss deduction section173. Circulation expenditures section174. Amortization of research and experimental expenditures section174A. Domestic research or experimental expenditures section175. Soil and water conservation expenditures; endangered species recovery expenditures section176. Payments with respect to employees of certain foreign corporations section178. Amortization of cost of acquiring a lease section179. Election to expense certain depreciable business assets section179B. Deduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations section179C. Election to expense certain refineries section179D. Energy efficient commercial buildings deduction section179E. Election to expense advanced mine safety equipment section180. Expenditures by farmers for fertilizer, etc.section181. Treatment of certain qualified productions section183. Activities not engaged in for profit section186. Recoveries of damages for antitrust violations, etc.section190. Expenditures to remove architectural and transportation barriers to the handicapped and elderly section192. Contributions to black lung benefit trust section193. Tertiary injectants section194. Treatment of reforestation expenditures section194A. Contributions to employer liability trusts section195. Start-up expenditures section196. Deduction for certain unused business credits section197. Amortization of goodwill and certain other intangibles section198. Expensing of environmental remediation costs section199A. Qualified business income section151. Allowance of deductions for personal exemptions section152. Dependent defined section153. Cross references section291. Special rules relating to corporate preference items section281. Terminal railroad corporations and their shareholders