Itemized Deductions for Individuals and Corporations | Midpage

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United States Code

Part VI

Itemized Deductions for Individuals and Corporations

161Allowance of deductions 162Trade or business expenses 163Interest 164Taxes 165Losses 166Bad debts 167Depreciation 168Accelerated cost recovery system 169Amortization of pollution control facilities 170Charitable, etc., contributions and gifts 171Amortizable bond premium 172Net operating loss deduction 173Circulation expenditures 174Amortization of research and experimental expenditures 174ADomestic research or experimental expenditures 175Soil and water conservation expenditures; endangered species recovery expenditures 176Payments with respect to employees of certain foreign corporations 178Amortization of cost of acquiring a lease 179Election to expense certain depreciable business assets 179BDeduction for capital costs incurred in complying with Environmental Protection Agency sulfur regulations 179CElection to expense certain refineries 179DEnergy efficient commercial buildings deduction 179EElection to expense advanced mine safety equipment 180Expenditures by farmers for fertilizer, etc.181Treatment of certain qualified productions 183Activities not engaged in for profit 186Recoveries of damages for antitrust violations, etc.190Expenditures to remove architectural and transportation barriers to the handicapped and elderly 192Contributions to black lung benefit trust 193Tertiary injectants 194Treatment of reforestation expenditures 194AContributions to employer liability trusts 195Start-up expenditures 196Deduction for certain unused business credits 197Amortization of goodwill and certain other intangibles 198Expensing of environmental remediation costs 199AQualified business income