26 U.S.C. § 262 - Personal, living, and family expenses

Cite as:26 U.S.C. § 262
Currency:Current through P.L. 116-135 (03/26/2020)
 
FREE EXCERPT

(a) General rule

Except as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses.

(b) Treatment of certain phone expenses

For purposes of subsection (a), in the case of an individual, any charge (including taxes thereon) for basic local telephone service with respect to the 1st telephone line provided to any residence of the taxpayer shall be treated as a personal expense.

To continue reading

FREE SIGN UP