Bloomberg Bloomberg
Comprehensive Tax Research. Practitioner to Practitioner. ®

Internal Revenue Code, § 211. Allowance Of Deductions

In computing taxable income under section 63, there shall be allowed as deductions the items specified in this part, subject to the exceptions provided in part IX (section 261 and following, relating to items not deductible).
(Aug. 16, 1954, ch. 736, 68A Stat. 69; May 23, 1977, Pub. L. 95-30, title I, 102(b)(3), 91 Stat. 137.)
BACKGROUND NOTES
Amendments to Part
1988--Pub. L. 100-647, title VI, 6007(c), Nov. 10, 1988, 102 Stat. 3687, added item 220 and redesignated former item 220 as 221.
1986--Pub. L. 99-514, title I, 131(b)(3), 135(b)(2), title III, 301(b)(5)(B), Oct. 22, 1986, 100 Stat. 2113, 2116, 2217, added item 220, struck out items 221 “Deduction for two-earner married couples” and 222 “Adoption expenses”, substituted “reference” for “references” in item 223, and struck out item 223 “Cross reference”.
1981--Pub. L. 97-34, title I, 103(c)(3), 125(b), title III, 311(h)(11), Aug. 13, 1981, 95 Stat. 188, 201, 282, repealed item 220 “Retirement savings for certain married individuals”, added items 221 and 222 and redesignated former item 221 as 223.
1978--Pub. L. 95-600, title I, 113(a)(2)(A), Nov. 6, 1978, 92 Stat. 2778, struck out item 218 “Contributions to candidates for public office”.
1976--Pub. L. 94-455, title V, 504(b)(2), Oct. 4, 1976, 90 Stat. 1565, struck out item 214 “Expenses for household and dependent care services necessary for gainful employment”.
Pub. L. 94-455, title XV, 1501(c), Oct. 4, 1976, 90 Stat. 1737, added item 220 and redesignated former item 220 as 221.
1974--Pub. L. 93-406, title II, 2002(h)(1), Sept. 2, 1974, 88 Stat. 970, added item 219 and redesignated former item 219 as 220.
1971--Pub. L. 92-178, title II, 210(b), title VII, 702(c), Dec. 10, 1971, 85 Stat. 520, 562, substituted “Expenses for household and dependent care services necessary for gainful employment" for “expenses for care of certain dependents” in item 214, added item 218, and redesignated former item 218 as 219.
1964--Pub. L. 88-272, title II, 213(a)(2), Feb. 26, 1964, 78 Stat. 52, added item 217 and redesignated former item 217 as 218.
1962--Pub. L. 87-834, 28(b), Oct. 16, 1962, 76 Stat. 1068, substituted “Deduction of taxes, interest, and business depreciation by cooperative housing corporation tenant-stockholder" for “Amounts representing taxes and interest paid to cooperative housing corporation” in item 216.
AMENDMENTS
1977--Pub. L. 95-30 substituted “section 63” for “section 63(a)”.
EFFECTIVE DATE OF 1977 AMENDMENT
Amendment by Pub. L. 95-30 applicable to taxable years beginning after Dec. 31, 1976, see section 106(a) of Pub. L. 95-30, set out as a note under section 1 of this title.